Question
Carla Vista Equipment purchased machinery from a Japanese firm and must make a payment of 235,110,000 in 45 days. The bank quotes a forward rate
Carla Vista Equipment purchased machinery from a Japanese firm and must make a payment of 235,110,000 in 45 days. The bank quotes a forward rate of 102.00/$ to buy the required yen. What is the cost to Carla Vista in U.S. dollars?(Round answer to 2 decimal places, e.g. 15.25.)
Cost of equipment $ __________________
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
