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Question 17 Nintendo of Japan and Walmart of the United States have entered into a 5-year currency risk sharing agreement for Nintendo to accept U.S.

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Question 17 Nintendo of Japan and Walmart of the United States have entered into a 5-year currency risk sharing agreement for Nintendo to accept U.S. dollar payments. If the spot rate on the day of invoicing is between JPY96/USD and JPY104/USD, Nintendo will invoice at the actual spot rate. Otherwise, Nintendo will invoice Walmart at the exchange rate where the two parties will share the yen fluctuation from the limits equally. If the spot rate on the invoicing date is JPY95/USD, how much will Walmart pay on the invoice of JPY 100,000,000? USD 1,047,120.42 USD 1,075,268.82 USD 1,063,829.79 USD 999,062.29 USD 943,396.23

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