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International Products Inc has ordered 18,000 leather coats from Argentina for delivery in 6 months. The contracted cost of a coat is 117 pesos. International
International Products Inc has ordered 18,000 leather coats from Argentina for delivery in 6 months. The contracted cost of a coat is 117 pesos. International products will pay for the coats upon delivery. The current indirect exchange rate is $1 for 1.3782 pesos. The anticipated inflation rate is 3.1% in the United States and 8.1% in Argentina. In US dollars, how much will the 18,000 leather coats cost Internstiknal Products at delivery?
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Renewable Energy Finance Theory And Practice
Authors: Santosh Raikar, Seabron Adamson
1st Edition
0128164417, 9780128164419
