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Caroline Brown, the product manager for a U.S. computer manufacture, is being asked to quote pces of desktop computers to be used in Kuwait. The
Caroline Brown, the product manager for a U.S. computer manufacture, is being asked to quote pces of desktop computers to be used in Kuwait. The Kuwait government wants the price in British pounds, for delivery next year. Brown knows that the general price level in the United States will increase by three percent. Her banker forecasts that the British pound will depreciate about five percent this year with respect to the U.S. dollar. If Brown is able to quote 700 pounds for immediate delivery, the price that should be quoted for delivery to Kuwait next year is b. About 721 pounds. About 735 pounds
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