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QUESTION
You manufacture wine goblets. In mid-june you receive an order fro 10,000 goblets from Japan. Payment of Y400,000 is due in mid-December.
You manufacture wine goblets. In mid-june you receive an order fro 10,000 goblets from Japan. Payment of Y400,000 is due in mid-December. You expect the yen to rise from its present rate of $1 = Y130 to $1 = Y100 by December. You can borrow yen at 6 percent a year. What should you do?
You manufacture wine goblets. In mid-June you receive an order for 10,000 goblets from Japan.Payment of Y400, 000 is due in mid-December. You expect the yen to rise from its present rate of $1=...