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another question will save this response. Question 14 of 30 testion 14 5 points Save Ans The Pecan Co is a very large pecan farm
another question will save this response. Question 14 of 30 testion 14 5 points Save Ans The Pecan Co is a very large pecan farm in the United States that uses USD as their reporting currency. The company exported 2,000,000 yuan (CNY) worth of pecans to China today under the agreement that the Chinese firm will pay in full in 90 days. The Pecan Co is worried about unfavorable exchange rate changes of the yuan and dollar between now and the time they get paid. The firm has decided to match currency cash flows by borrowing at 4% per year. The current exchange rate is 7.07CNY/USD. Assume that there are 360 days in a year. How much should The Pecan Co borrow in yuan? What is the cost of this loan in dollars? Show all work. Round your answer to two decimal places. TT TT Paragraph Arial # 3 (12pt) i a HLQ TT Mashups HAR HTML CSS Path: P Words:0 A Moving to another question will save this response. Question 14 of 30 MacBook Pro another question will save this response. Question 14 of 30 testion 14 5 points Save Ans The Pecan Co is a very large pecan farm in the United States that uses USD as their reporting currency. The company exported 2,000,000 yuan (CNY) worth of pecans to China today under the agreement that the Chinese firm will pay in full in 90 days. The Pecan Co is worried about unfavorable exchange rate changes of the yuan and dollar between now and the time they get paid. The firm has decided to match currency cash flows by borrowing at 4% per year. The current exchange rate is 7.07CNY/USD. Assume that there are 360 days in a year. How much should The Pecan Co borrow in yuan? What is the cost of this loan in dollars? Show all work. Round your answer to two decimal places. TT TT Paragraph Arial # 3 (12pt) i a HLQ TT Mashups HAR HTML CSS Path: P Words:0 A Moving to another question will save this response. Question 14 of 30 MacBook Pro
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