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Transaction exposure. International Products, Inc. has ordered 18,000 leather coats from Argentina for delivery in 9 months. The contracted cost of a coat is 141

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Transaction exposure. International Products, Inc. has ordered 18,000 leather coats from Argentina for delivery in 9 months. The contracted cost of a coat is 141 pesos. International Products will pay for the coats upon delivery. The current indirect exchange rate is $1 for 1.2081 pesos. The anticipated inflation rate is 3.3% in the United States and 7.3% in Argentina. In U.S. dollars, how much will the 18,000 leather coats cost International Products at delivery

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