Percentage change in value of eur
During the past year, the consumer price indexes (CPI) of the United States and the Eurozone rose by 3 percent and 4 percent, respectively. If PPP holds, what is the percentage change in the value of the EUR over the same time period?
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Determine the price of the bonds at January 1, 2013, and prepare the journal entry to record their issuance. Show calculations.
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