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 84 shares, how much are they worth in £?

    Solution

    The worth in £ is the number of shares × stock price × exchange rate, i.e., 84×84.8492×0.84316009.054.