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I could really use some help with part a and b of this question! 2. (10 points) Assume you are working for Drake Inc., a
I could really use some help with part a and b of this question!
2. (10 points) Assume you are working for Drake Inc., a multinational company based in Des Moines. Based on quotes provided by Bloomberg, you want to conduct a couple of foreign currency transactions: a. (5 points) Suppose you want to send USD 6,300,000 to your Japanese subsidiary in Osaka (), which is located in the Kansai region of Honshu in Japan. How many JPY would your subsidiary receive based on quotes above? $6,300,000 b. (5 points) Your Osaka subsidiary, then, wants to send the half of the proceed from (a) to a subcontractor in Phuket () which is located in the southeast of Phuket Island, Thailand. Convert this amount to THB based on quotes aboveStep by Step Solution
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