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Please help the last person got this one wrong Transaction exposure. International Products, Inc. has ordered 12,000 leather coats from Argentina for delivery in 6
Please help the last person got this one wrong
Transaction exposure. International Products, Inc. has ordered 12,000 leather coats from Argentina for delivery in 6 months. The contracted cost of a coat is 145 pesos. International Products will pay for the coats upon delivery. The current indirect exchange rate is $1 for 1.2218 pesos. The anticipated inflation rate is 3.6% in the United States and 8.3% in Argentina. In U.S. dollars, how much will the 12,000 leather coats cost International Products at delivery? In U.S. dollars, how much will the 12,000 leather coats cost International Products at delivery? $ (Round to the nearest cent.)
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