Question
An Australian importer has received goods from India and will pay 3 million Indian rupees (INR) in one year. The importer expects that the value
An Australian importer has received goods from India and will pay 3 million Indian rupees (INR) in one year. The importer expects that the value of the INR will depreciate by 23.08% against the Australian dollar from today's spot rate of 0.2669 in one year.How much Australian dollar the importer will make a profit in percentage (%) due to depreciation of INR after one year? (enter 2 decimal places number with no sign or symbol)
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
