Brilliant Equipment purchased machinery from a Japanese firm and must make a payment of 313.25 million in

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Brilliant Equipment purchased machinery from a Japanese firm and must make a payment of ¥313.25 million in 45 days. The bank quotes a forward rate of ¥83.46/$ to buy the required yen. What is the cost to Brilliant in U.S. dollars?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 12, 2012 01:45 AM

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Fundamentals of corporate finance

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