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Porsche plans on introducing a new four - door luxury automobile in 2 0 2 3 called the Panamera X . Although pricing has not
Porsche plans on introducing a new fourdoor luxury automobile in called the Panamera X Although pricing has not been set, some automotive analysts believe the basic production model will be sold in Europe at a price of At this price they believed the company stands to earn a margin on each car.
a If the spot rate in was $ what would be its projected price in the United States?
b If the price in the US market was set at $ and the spot exchange rate averaged $ what would be the margin on the Panamera X
c What would the price in the US market have to be in order to keep the profit margin at despite the dollar appreciation.
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