Use the following table to answer questions: Country (currency) Canada (dollar) Denmark (krone) Euro (euro) Japan (yen) Norway (krone) Sweden (krona) Switzerland (franc) United Kingdom (pound) United States (dollar) Required: Currency Symbol CS DKr € ¥ NKr Skr SFr £ $ (1) Per S 1.063 6.081 0.816 88.49 6.503 7.782 1.078 0.668 Exchange Rates on June 30, 2010 (2) Per £ 1.59 9.098 1.221 132.39 9.729 11.643 1.613 - 1.496 (3) Per € 1.302 7.449 108.39 7.966 9.532 1.321 0.819 1.225 Exchange Rates on June 30, 2009 one year previous (4) Per $ 1.161 5.309 0.713 96.49 6.437 7.748 1.088 0.607 (5) Per £ 1.913 8.743 1.174 158.9 10.6 12.76 1.791 1.647 (6) Per € 1.629 7.447 135.34 9.028 10.868 1.536 0.852 1.403 a) Referring to the table above, calculate the Sweden Krona to U.S. Dollar exchang rate, Es/skr for June 2009 and June 2010.

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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QUESTION 3
Use the following table to answer questions:
Country (currency)
Canada (dollar)
Denmark (krone)
Euro (euro)
Japan (yen)
Norway (krone)
Sweden (krona)
Switzerland (franc)
United Kingdom (pound)
United States (dollar)
Required:
Currency
Symbol
CS
DKr
€
V
NKr
Skr
SFr
£
$
(1)
Per $
1.063
6.081
0.816
88.49
6.503
7.782
1.078
0.668
Exchange Rates
on June 30, 2010
(2)
Per £
1.59
9.098
1.221
132.39
9.729
11.643
1.613
1.496
(3)
Per €
1.302
7.449
108.39
7.966
9.532
1.321
0.819
1.225
Exchange Rates on June 30, 2009
one year previous
(4)
Per $
1.161
5.309
0.713
96.49
6.437
7.748
1.088
0.607
(5)
Per £
1.913
8.743
1.174
158.9
10.6
12.76
1.791
1.647
(6)
Per €
1.629
7.447
135.34
9.028
10.868
1.536
0.852
1.403
a) Referring to the table above, calculate the Sweden Krona to U.S. Dollar exchange
rate, E$/skr for June 2009 and June 2010.
Note: E denotes nominal exchange rate.
Transcribed Image Text:QUESTION 3 Use the following table to answer questions: Country (currency) Canada (dollar) Denmark (krone) Euro (euro) Japan (yen) Norway (krone) Sweden (krona) Switzerland (franc) United Kingdom (pound) United States (dollar) Required: Currency Symbol CS DKr € V NKr Skr SFr £ $ (1) Per $ 1.063 6.081 0.816 88.49 6.503 7.782 1.078 0.668 Exchange Rates on June 30, 2010 (2) Per £ 1.59 9.098 1.221 132.39 9.729 11.643 1.613 1.496 (3) Per € 1.302 7.449 108.39 7.966 9.532 1.321 0.819 1.225 Exchange Rates on June 30, 2009 one year previous (4) Per $ 1.161 5.309 0.713 96.49 6.437 7.748 1.088 0.607 (5) Per £ 1.913 8.743 1.174 158.9 10.6 12.76 1.791 1.647 (6) Per € 1.629 7.447 135.34 9.028 10.868 1.536 0.852 1.403 a) Referring to the table above, calculate the Sweden Krona to U.S. Dollar exchange rate, E$/skr for June 2009 and June 2010. Note: E denotes nominal exchange rate.
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