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3 suppose ABCD Investment, Inc., a Cleveland-based investment firm, invested $56,000 to buy 1,000 shares...

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Finance

3 suppose ABCD Investment, Inc., a Cleveland-based investment firm, invested $56,000 to buy 1,000 shares of EFGH Corp., a Netherlands-based manufacturing firm, at 40.00 a share at the exchange rate of $1.40/1 one year ago. If EFGH's shares appreciated (i.e. increased) by 16% after ABCD's purchase, what would be the total value of the 1,000 EFGH shares purchased by ABCD one year ago right now in Euros?
39,495.00
40,000.00
51,245.35
46,400.00
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