You are an international shrimp trader. A food producer in the Czech Republic offers to pay you
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You are an international shrimp trader. A food producer in the Czech Republic offers to pay you 2.9 million Czech koruna today in exchange for a year’s supply of frozen shrimp. Your Thai supplier will provide you with the same supply for 2.2 million Thai baht today. If the current competitive market exchange rates are 24.24 koruna per dollar and 37.74 baht per dollar, what is the value of this deal?
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Related Book For
Corporate Finance The Core
ISBN: 9781292431611
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo
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