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at a price of 2 3 0 million. The equipment is to be delivered to the United States and paid for in one year. The

at a price of 230 million. The equipment is to be delivered to the United States and paid for in one year. The current exchange rate is 105=$1. The current interest rate on one-year U.S. Treasury bills is 7%, and on one-year Japanese government bonds the interest rate is 5%.
a. If Halliburton exchanges dollars for yen today and invests the yen in Japan for one year, it will need $ to exchange today in order to have 230 million in one year. (Round your response to the nearest dollar.)
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