Pepsico U.s owes Pepsi GMBH of Germany $5,000,000. Pepsi Gmbh owes Pepsico US Euro 3,000,000. The exchange
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Pepsico U.s owes Pepsi GMBH of Germany $5,000,000. Pepsi Gmbh owes Pepsico US Euro 3,000,000. The exchange rate is euro 1.5 $, and the bank charges 0.5% for foreign exchange transactions. How much can pepsico save if it nets the two payments?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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