Calculate the price of one share


Response to the following problem:

In each of the following cases, calculate the price of one share of the foreign security measured in Australian dollars.

a. A New Zealand share priced at 8.55 New Zealand dollars (NZ$) when the exchange rate is NZ$1.3172/A$1

b. A French share priced at 24.70 euros (A ) when the exchange rate is A 0.7064/A$1

c. A Japanese share priced at 1350 yen (¥) when the exchange rate is ¥80.27/A$1

 

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Financial Accounting: Calculate the price of one share
Reference No:- TGS02121546

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