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Homework: Chapt... Question 5, P18-15 (sim... > HW Score: 42.86%, 3 of 7 points O Points: 0 of 1 Save Transaction exposure. International Products, Inc.
Homework: Chapt... Question 5, P18-15 (sim... > HW Score: 42.86%, 3 of 7 points O Points: 0 of 1 Save Transaction exposure. International Products, Inc. has ordered 14,000 leather coats from Argentina for delivery in 15 months. The contracted cost of a coat is 143 pesos. International Products will pay for the coats upon delivery. The current indirect exchange rate is $1 for 1.3287 pesos. The anticipated inflation rate is 4.3% in the United States and 8.2% in Argentina. In U.S. dollars, how much will the 14,000 leather coats cost International Products at delivery? In U.S. dollars, how much will the 14,000 leather coats cost International Products at delivery? (Round to the nearest cent.)
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