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?

Answer rating: 100% (QA)

The simplest solution would be to simply wait until December take the 400000 and convert it at the s... View the full answer