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Oriole Equipment purchased machinery from a Japanese firm and must make a payment of 286,500,000 in 45 days. The bank quotes a forward rate of

Oriole Equipment purchased machinery from a Japanese firm and must make a payment of 286,500,000 in 45 days. The bank quotes a forward rate of 96.00/$ to buy the required yen. What is the cost to Oriole in U.S. dollars?

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