To determine the exchange rate between British pounds and Brazilian reals, you can convert pounds into U.S. dollars at the direct rate and then convert dollars into reals at the indirect rate
You now have a cross rate (pounds to reals) via the U.S. dollar.
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: £/$ × $/R$ = £/R$
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Babak Industries is a division of a major corporation. Last year the division had total sales of $19,560,000, net operating income of $1,877,760, and average operating assets of $6,000,000.The division's return on investment (ROI) is closest to:
A. 23.8% B. 3.0% C. 31.3% D. 7.3%
Today, the primary motivation behind forming a bank holding company is:
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A stock has a return of 16.18 percent and a beta of 1.47. The market return is 10.65 percent and the risk-free rate is 3.20 percent. What is the Jensen-Treynor alpha of this stock?
A. ?1.12 percent B. 1.38 percent C. 1.59 percent D. ?0.17 percent E. 0.66 percent
Communication starts with a (n) ________ encoding a message
A) Noise
B) Decoder
C) Sender
D) Encoder