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KBM Corporation has entered into a contract to sell product to a company in Brazil. The contract calls for delivery in 150 days with payment
KBM Corporation has entered into a contract to sell product to a company in Brazil. The contract calls for delivery in 150 days with payment 30 days later. The customer will pay 2,000,000 BRL for the product. The current spot rate is 3.41 USD/BRL meaning that it costs 3.41 BRL to purchase 1 USD. How much is USD will be paid using the current spot rate?
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