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In September 2009 a U.S. investor chooses to invest​ $500,000 in German equity securities at a then current spot rate of​ $1.30/euro. At the end of one year the spot rate is​ $1.35/euro.Refer to Instruction 13.1. How many euros will the U.S. investor acquire with his initial​ $500,000 investment?

Respuesta :

Kolawole845

Answer:

Euro 370,370.37

Explanation:

The amount of Euros he will be able to acquire at the end of the year is equal to  

Amount to invest/ spot rate at the date

At the current spot rate of $1.35/euro

Euros to acquire = 500,000/1.35

                            =  Euro 370,370.37

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