QUESTION 17 XYZ Corporation, located in the United States, has an accounts payable obligation of V100 million payable in one year to a bank in Tokyo. The current spot rate is 120/54.00 and the one year forward rate is V110/$1.00. The annual interest rate is 3 percent in Japan and 6 percent in the United States. The total dollar cost of meeting this obligation using the money market hedge is: $809,061 $909,091 $857,605. None of the answers is correct. 1 points Save Answer QUESTION 18 Company ABC imports cheese from America to make cheesecake in Korea. If the Korean Won (KRW) appreciates against USD, what will most likely happen? Variable costs will increase. Variable costs will decrease Variable costs will not change. Fixed costs will decrease. QUESTION 19 Steven converted $1,000 to 4105,000 for a trip to Japan. Which of the following bid-ask quotations did Steven's bank offer to him? That is, what is the only possible bid-ask quotation that the bank would offer that allows Steven to convert $1,000 to V105,000? 100-105 V/5 105 - 110 V/5 105 - 100 V/5 0.01 -0.02 SN Question Completion Status: QUESTION 20 A stronger U.S. dollar: is good for U.S. Importers and U.S. exporters is good for U.S. Importers, bx not good for U.S. exporters Is not good for U.S. Importers, but good for U.S. exporters Is not good for U.S. Importers and not good for U.S. exporters. 1 points Save