Question 17 3.6 points Save Answer Moderna Inc. of the United States just signed a contract with an Italian company to supply covid-19 vaccines in three months and accept a payment of USD 10,000,000 in four months. Which one of the following statements is most correct about this contract? The Italian importer has transaction exposure because the payment is made in a foreign currency and at a later date Moderna has transaction exposure because the payment is made in a foreign currency and at a later date The Italian importer has operating exposure because the payment is made at a later date Moderna has operating exposure because the payment is made in a foreign currency and at a later date The Italian importer has transaction exposure because the payment is made in the home currency and at a later date Question 18 13.02% Delta Electric Company, based in Texas, just sold electrical equipment to a customer in Kuwait, with the payment of USD 5,000,000 due in six months. The payment will be made with a bankers' acceptance issued by Commercial Bank of Kuwait at a fee of 2% per annum. If Delta's WACC is 12% per annum and it holds the bankers' acceptance to maturity, what is the annualized percentage all-in-cost? Hint: All-in-cost = Total costs/Amount received 6.51% 14.02% 6.01% 3.6 points 12.02% Save Answer