2.4 Javed runs a small electronics company in India and has just sold some equipment to a...
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2.4 Javed runs a small electronics company in India and has just sold some equipment to a U.S. company for
$2 million, to be paid in 60 days. His cost in Indian rupees ( ) is 100 million. The current exchange rate is 65 per dollar. How much profit in rupees would Javed earn if the exchange rate is unchanged in 60 days? What happens to his profit if the exchange rate rises to 68 per dollar after 60 days? At what exchange rate would Javed break even?
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Related Book For
Managerial Economics And Strategy
ISBN: 9780135640944
2nd Global Edition
Authors: Jeffrey M. Perloff, James A. Brander
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