Suppose the current exchange rate for the Polish zloty is Z3.38. The expected exchange rate in 5
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Question:
Suppose your company imports computer motherboards from Singapore. The exchange rate is $1.3806 per Singapore dollar. You have just placed an order for 37,256 motherboards at a cost to you of S146 Singapore dollars each. You will pay for the shipment when it arrives in 90 days. You can sell the motherboards for $113 each. Calculate your profit if the exchange rates goes up by 13.02% over the next 90 days.
Related Book For
Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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