Forward rate: Brilliant Equipment purchased machinery from a Japanese firm and must make a payment of 313.25
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Forward rate: Brilliant Equipment purchased machinery from a Japanese firm and must make a payment of ¥313.25 million in 45 days. The bank quotes a forward rate of ¥103.01/$ to buy the required yen. What is the cost to Brilliant in U.S. dollars?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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