Solved: An investor in in the us owns some shares of a european, Accounting Basics

An investor in in the us owns some shares of a european

Question: An investor in in the U.S. owns some shares of a European company worth 10,000 euros and wants to sell them. The euro>U.S.$ exchange rate is currently 0.925884, meaning that one dollar buys 0.925884 euros. How many U.S. dollars will the investor receive?

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Accounting Basics: An investor in in the us owns some shares of a european

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