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An importer of televisions from Japan has a contract to purchase a shipment of televisions for 2.4 million yen. The spot rate increases from 150

An importer of televisions from Japan has a contract to purchase a shipment of televisions for 2.4 million yen. The spot rate increases from 150 yen per dollar to 158 yen per dollar. What is the importer's gain or loss?

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