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Transaction exposure. International Products, Inc. has ordered 12,000 leather coats from Argentina for delivery in 3 months. The contracted cost of a coat is 131

Transaction exposure. International Products, Inc. has ordered 12,000 leather coats from Argentina for delivery in 3 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 1.1603 pesos. The anticipated inflation rate is 3.7% in the United States and 6.8% in Argentina. In U.S. dollars, how much will the 12,000 leather coats cost International Products at delivery

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