Determine the dollar price of the cars

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Reference no: EM1367300

The United State imports Japanese cars with a domestic price of 5,000,000 yen and the yen or dollar exchange rate is 120 on January 1, 2003. On January 1, 2004 the yen or dollar exchange rate is 125. What is the dollar price of the cars on January 1, 2003? What is the dollar price of the cars on January 1, 2004?

Reference no: EM1367300

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