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DeMagistris Fashion Company in New York City imports jewelry from Acuna in Argentina. Payment is in Argentine pesos. They have a risk - sharing agreement

DeMagistris Fashion Company in New York City imports jewelry from Acuna in Argentina. Payment is in Argentine pesos. They have a risk-sharing agreement to share the difference equally if the peso/dollar exchange rate falls outside of Ps 3.7$ and Ps 4.3$. DeMagistris contracts to import jewelry worth 14,000,000 pesos. The spot rate is currently Ps 4.0$. What will be the dollar cost of imports if:
the peso increases to Ps3.6/$?
$3,835,616
$$3,783,784
$3,888,889
$3,500,000
$3,255,814
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