You are an international shrimp trader. A food producer in the Czech Republic offers to pay you

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You are an international shrimp trader. A food producer in the Czech Republic offers to pay you 2.9 million Czech koruna today in exchange for a year’s supply of frozen shrimp. Your Thai supplier will provide you with the same supply for 2.2 million Thai baht today. If the current competitive market exchange rates are 24.24 koruna per dollar and 37.74 baht per dollar, what is the value of this deal?

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Corporate Finance

ISBN: 9781292446318

6th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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