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Question 4 (total of 10 marks): An investor has some Australian and Bangladeshi assets and...

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Finance

Question 4 (total of 10 marks): An investor has some Australian and Bangladeshi assets and liabilities as follows:

  • AUD 800,000 Australian house asset.
  • AUD 650,000 mortgage loan liability.
  • AUD 30,000 owing on her credit card.
  • BDT 12,000,000 Bangladeshi apartment asset thats owned outright with no mortgage. Note the apartment is denominated in Bangladeshi Taka (BDT), not Australian Dollars (AUD).
  • The current exchange rate is 85 BDT per USD. Note that this exchange rate is not per AUD. Its in BDT per USD.
  • The current exchange rate is 0.7 USD per AUD.

Give your answer as a decimal correct to at least 6 decimal places. So for example if your answer is 1.23456789%, write 0.0123456789. If your answer is 400,000, write 400000. Do not use percentages and do not write units (m or k) after the number.

Question 4b (2 marks): What is the weight of the asset class real estate in the investors net wealth? Give your answer as a decimal thats correct to 6 decimal places or more. So for example if your answer is 1.23456789%, you can write 0.0123456789.

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