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A German manufacturer sells equipment to U.S. firms and buys parts from U.S. firms. Suppose it has accounts receivable of USD1.6 billion and accounts payable

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A German manufacturer sells equipment to U.S. firms and buys parts from U.S. firms. Suppose it has accounts receivable of USD1.6 billion and accounts payable of USD727 million. It also borrowed USD599 million. The current spot rate is USD1.1395/EUR. What is their dollar transaction exposure in euro terms? Round your answer to the nearest whole number. For example, if your answer is one million, enter 1000000 Your

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