An American business needs to pay (a) 15,000 Australian dollars, (b) 2.5 million yen, and (c) 70,000

Question:

An American business needs to pay

(a) 15,000 Australian dollars,

(b) 2.5 million yen, and

(c) 70,000 Mexican pesos to businesses abroad which have supplied the firm with raw materials. What are the dollar payments to the respective countries?

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Foundations Of Finance

ISBN: 9781292318738

10th Global Edition

Authors: Arthur Keown, John Martin, J. Petty

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Question Posted: Apr 17, 2024 01:00 AM

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An American business needs to pay (a) 15,000 Australian dollars, (b) 2.5 million yen, and (c) 70,000

Question:

COUNTRY-CURRENCY CONTRACT $/FOREIGN CURRENCY Australia-dollar Spot 0.71023 30-day 0.71050 90-day 0.71140 Japan-yen Spot 0.895000 30-day 0.895850 90-day 0.900200 Mexico-peso Spot 0.052422 30-day 0.052360 90-day 0.051850

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Foundations Of Finance

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