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John Deere is selling a large shipment of equipment to a major construction project for the Tokyo Olympics. The price tag is JPY 18,589,408 and
John Deere is selling a large shipment of equipment to a major construction project for the Tokyo Olympics. The price tag is JPY 18,589,408 and payment is due in half a year. Jon Deere is considering a money market hedge. How many dollars will it have? interest rate in Japan=5% interest rate in the USA = 4% spot rate JPY 116 / $ Provide your answer rounded to the nearest integer.
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