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An Australian company exports to Japan and generates receipts in JPY. The same company also imports goods and services from the United States, incurring commitments
An Australian company exports to Japan and generates receipts in JPY. The same company also imports goods and services from the United States, incurring commitments in USD. The company needs to determine the AUD/JPY cross rate. Rates are quoted as follows: USD/JPY 104.23-46 AUD/USD 0.7546-56 Which is the correct cross rate? AUD/JPY 78.65-93 AUD/JPY 78.93-65 JPY/AUD 78.65-93 JPY/AUD 78.93-65
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
