2. Assume that you went to your bank to buy ¥10 million. The bank quoted that you can buy ¥120 for $1. Based on this information, answer the following questions: (15 Points) a. Is this a direct quote or an indirect quote? b. If it is a direct quote, what is the indirect quote or if it is an indirect quote what is the direct quote? C. How much dollar you need to buy ¥10 million? U Direct 1/120 =.0083 # B1 = 1/120 C,33,333.33

2. Assume that you went to your bank to buy ¥10 million. The bank quoted that you can buy ¥120 for $1. Based on this information, answer the following questions: (15 Points) a. Is this a direct quote or an indirect quote? b. If it is a direct quote, what is the indirect quote or if it is an indirect quote what is the direct quote? C. How much dollar you need to buy ¥10 million? U Direct 1/120 =.0083 # B1 = 1/120 C,33,333.33

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 15P: Suppose a firm makes purchases of $3.65 million per year under terms of 2/10, net 30, and takes...

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