Today, the Vietnamese Dong trades at 20,000 per USD. Today, you are due to pay a supplier

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Today, the Vietnamese Dong trades at 20,000 per USD. Today, you are due to pay a supplier in Hanoi either 18.5 billion Dong or $1 million USD. If a currency trade costs 0.5%, what percentage can you save by paying in Dong instead of USD?

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Global Marketing

ISBN: 978-9352865284

9th edition

Authors: Warren J. Keegan, Mark C. Green

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Posted Date: Dec 27, 2023 06:47 AM

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Today, the Vietnamese Dong trades at 20,000 per USD. Today, you are due to pay a supplier

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Lets calculate the cost in Dong and USD and then compare the costs factoring in the currency trade f... View the full answer

Global Marketing

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