Question
In japan, Toyota's export price is Yen 3 million. Spot rate is yen 100/$. Suppose suddenly the rate changes to yen90/$. Assuming 60% exchange rate
In japan, Toyota's export price is Yen 3 million. Spot rate is yen 100/$. Suppose suddenly the rate changes to yen90/$. Assuming 60% exchange rate pass-thru, what should be the price of Honda in U.S. in $?
A)$31333
B)$31999
C)$33333
D)33000
E)Need more info
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Foundations Of Finance
Authors: Arthur J Keown, John D Martin, J William Petty
7th Edition
0133370356, 9780133370355
