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Hello
Question b)i) asks to calculate the additional debt finance needed. And to calculate this the amount, the amount of investment of ADR 10,150 m needs to be converted to japanese yen. However i dont understand how i must calculate to convert the ADR amount to Japanese yen, as the question only gives conversation rate of JPY/EUR and ARD/EUR.
I dont understand the answer given in the book. How do i calculate it?
You will find an explanation in a previous reply of mine here:
https://opentuition.com/topic/cross-spot-rate/
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