You manufacture wine goblets. in mid June you received an order for 10,000 goblets from japan. Payment
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You manufacture wine goblets. in mid June you received an order for 10,000 goblets from japan. Payment of ¥400,000 is due in mid-December. You expect the yen to rise from its present rate of $1= ¥130 to $1 = ¥100 by December. you can borrow yen at 6 percent a year. What should you do?
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Management Science The Art of Modeling with Spreadsheets
ISBN: 978-1118582695
4th edition
Authors: Stephen G. Powell, Kenneth R. Baker
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