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Question 5, P18-15 (similar to) HW Score: 42.86%,3 of 7 points ( Points: 0 of 1 Transaction exposure. International Products, Inc. has ordered 16,000 leather

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Question 5, P18-15 (similar to) HW Score: 42.86%,3 of 7 points ( Points: 0 of 1 Transaction exposure. International Products, Inc. has ordered 16,000 leather coats from Argentina for delivery in 15 months. The contracted cost of a coat is 131 pesos. International Products will pay for the coats upon delivery. The current indirect exchange rate is $1 for 1.2308 pesos. The anticipated inflation rate is 3.9% in the United States and 7.1% in Argentina. In U.S. dollars, how much will the 16,000 leather coats cost International Products at delivery? In U.S. dollars, how much will the 16,000 leather coats cost International Products at delivery? $ (Round to the nearest cent.)

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