Suppose your company imports computer motherboards from Singapore. The exchange rate is $1.4923 per Singapore dollar. You have just placed an order for 38251 motherboards at a cost to you of S159 Singapore dollars each. You will pay for the shipment when it arrives in 90 days. You can sell the motherboards for $118 each. Calculate your profit if the exchange rates goes up by 14.73% over the next 90 days. NOTE: Enter the number rounding to four DECIMALS.

Suppose your company imports computer motherboards from Singapore. The exchange rate is $1.4923 per Singapore dollar. You have just placed an order for 38251 motherboards at a cost to you of S159 Singapore dollars each. You will pay for the shipment when it arrives in 90 days. You can sell the motherboards for $118 each. Calculate your profit if the exchange rates goes up by 14.73% over the next 90 days. NOTE: Enter the number rounding to four DECIMALS.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter22: International Financial Management

Section: Chapter Questions

Problem 7P

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