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Transaction exposure. International Products, Inc. has ordered 10,000 leather coats from Argentina for delivery in 6 months. The contracted cost of a coat is 144
Transaction exposure. International Products, Inc. has ordered 10,000 leather coats from Argentina for delivery in 6 months. The contracted cost of a coat is 144 pesos. International Products will pay for the coats upon delivery The current indirect exchange rate is $1 for 1.4362 pesos. The anticipated inflation rate is 3.5% in the United States and 8.1% in Argentina. In U.S. dollars, how much will the 10,000 leather coats cost international Products at delivery? In U.S. dollars, how much will the 10,000 leather coats cost International Products at delivery? $(Round to the nearest cent.)
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