Exam 1

1. Question

   On 2013-05-03 one Euro (€) was buying 1.3109 US Dollars ($) and 0.8431 British Pounds (£). At Frankfurter Börse around noon adidas AG was the largest winner compared with the day before with a price of € 84.8492 per share. If you buy 31 shares, how much are they worth in $?
   

   Solution

   The worth in $ is the number of shares $\times$ stock price $\times$ exchange rate, i.e., $31\times 84.8492\times 1.3109\approx 3448.09330468$.