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In japan, honda's export price is yen 3million. spot rate is yen100/$ suppose suddenly the rate changes to yen90/$. Assuming 60% exchange rate pass-thru, what
In japan, honda's export price is yen 3million. spot rate is yen100/$ suppose suddenly the rate changes to yen90/$. Assuming 60% exchange rate pass-thru, what should be the price of Honda in U.S. in $? Show work please.
A)$33,000
B)$33,333
C) $31,999
D) $31,333
E) Need more information
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