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Question 33 3 pts (3 points) Suppose your company imports masks from China. The current exchange rate is 7 Yuan per dollar. You have just

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Question 33 3 pts (3 points) Suppose your company imports masks from China. The current exchange rate is 7 Yuan per dollar. You have just placed an order for 10 million boxes of masks at a cost to you of 14 Yuan per box. You will pay 14 million Yuan to the Chinese supplier when it arrives in 90 days. You can sell the boxes of masks for $3 each. (a) Calculate your total profit at the current exchange rate. (b) Exchange rate can change either to 6 Yuan per dollar or 8 Yuan per dollar in 90 days. Which exchange rate will give you more profit? (c) The change in the exchange rate will make a big difference on your profits in 90 days and the exchange rate can fluctuate dramatically. How can you lock in the exchange rate today? HTML Editor E L x x BI U A Nm

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