L ast year Leather Boot, Inc. had investments in Paris worth 470,000 euros. At that time, the euro was worth $1.14. Today the euro is trading for $1.28. What is the gain or loss in value of the inventory expressed in dollars and in euros? Use a minus sign to enter the amount as a negative value. Round your answers to the nearest whole number. If your answer is zero, enter “0”. Net gain/loss in dollars: $ Net gain/loss in euros: €
L ast year Leather Boot, Inc. had investments in Paris worth 470,000 euros. At that time, the euro was worth $1.14. Today the euro is trading for $1.28. What is the gain or loss in value of the inventory expressed in dollars and in euros? Use a minus sign to enter the amount as a negative value. Round your answers to the nearest whole number. If your answer is zero, enter “0”. Net gain/loss in dollars: $ Net gain/loss in euros: €
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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L
ast year Leather Boot, Inc. had investments in Paris worth 470,000 euros. At that time, the euro was worth $1.14. Today the euro is trading for $1.28. What is the gain or loss in value of the inventory expressed in dollars and in euros? Use a minus sign to enter the amount as a negative value. Round your answers to the nearest whole number. If your answer is zero, enter “0”.
Net gain/loss in dollars: $
Net gain/loss in euros: €
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