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Spot rate of Swedish Krona is $.18. The U.S. inflation rate over this year is expected to be 14%, while the Sweden inflation over this
Spot rate of Swedish Krona is $.18. The U.S. inflation rate over this year is expected to be 14%, while the Sweden inflation over this year is expected to be 4%. ABC Co. plans to import from Sweden and will need 35 million Krona in one year. Determine the expected amount of dollars to be paid by the ABC Co. for the Krona in one year.
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