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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Global Business Today

ISBN: 978-0138009472

9th Edition

Authors: Charles Hill

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Question Posted: Oct 18, 2024 09:02 AM

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4. You manufacture wine goblets. In mid-June, you receive an order for 10,000 goblets from Japan. Payment

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