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4.Ivanhoe Equipment purchased machinery from a Japanese firm and must make a payment of 1284,680,000 in 45 days. The bank quotes a forward rate of

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4.Ivanhoe Equipment purchased machinery from a Japanese firm and must make a payment of 1284,680,000 in 45 days. The bank quotes a forward rate of V100.00/$ to buy the required yen. What is the cost to Ivanhoe in U.S. dollars? (Round answer to 2 decimal places, e.g. 15.25.) Cost of equipment

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