4. You manufacture wine goblets. In mid-June, you receive an order for 10,000 goblets from Japan. Payment
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4. You manufacture wine goblets. In mid-June, you receive an order for 10,000 goblets from Japan.
Payment of ¥400,000 is due in mid-December.
You expect the yen to rise from its present rate of
$1 5 ¥130 to $1 5 ¥100 by December. You can borrow yen at 6 percent a year. What should you do?
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