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Suppose your company imports computer motherboards from Singapore. The exchange rate is $1.4791 per Singapore dollar. You have just placed an order for 43,347 motherboards

Suppose your company imports computer motherboards from Singapore. The exchange rate is $1.4791 per Singapore dollar. You have just placed an order for 43,347 motherboards at a cost to you of S154 Singapore dollars each. You will pay for the shipment when it arrives in 90 days. You can sell the motherboards for $111 each. Calculate your profit if the exchange rates goes down by 8.55% over the next 90 days.

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