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You are a distributor of auto parts and you will receive a shipment of 10,000 brake pad sets from your Japanese distributor in June. Payment
You are a distributor of auto parts and you will receive a shipment of 10,000 brake pad sets from your Japanese distributor in June. Payment of 400,000 yen is due in December. You expect the yen to rise in value from its present rate of $1 = 130 yen to $1 = 100 yen by December. You can borrow yen at 6% per year. What should you do???
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