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20. The following exchange rates are quoted in the spot market: 1 USD = 116.6 JPY 1 CAD = 0.66 USD Cola is an American

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20. The following exchange rates are quoted in the spot market: 1 USD = 116.6 JPY 1 CAD = 0.66 USD Cola is an American company with worldwide operations. The company can produce a liter of cola in Canada at a cost of CAD 0.45. The cola can be sold in Japan for JPY 120. How much operating profit (in USD) does the company make on each liter of cola sold in the Japanese market? * DG (2 Points) $0.7331 $0.7299 O $0.7322 O 50.9322

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