Question: At a trade show yesterday ChainTec received a request for an order of 1 0 , 0 0 0 units locked in at the above

At a trade show yesterday ChainTec received a request for an order of 10,000 units locked in at
the above price. It will take 3 months to put together and ship the order and the invoice is net
30 on delivery. Briefly explain to ChainTec what it means if the anticipated exchange rate in
three months is GBP=1.9626 $CDN, and what should they do? What if the rate in 3 months is
instead anticipated to be GBP=1.5626 $CDN.

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