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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 148

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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 148 pesos International Products will pay for the coats upon delivery. The current indirect exchange rate is $1 for 1.3541 pesos. The anticipated inflation rate is 42% in the United States and 6.9% in Argentina In US dollars, how much will the 16,000 leather coats cost International Products at delivery In U.S. dollars, how much wil the 16,000 leather coats cost International Products at delivery? (Round to the nearest cent.)

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