What advice would you give sumitomo

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1. Sumitomo Chemical of Japan has one week in which to negotiate a contract to supply products to a U.S. company at a dollar price that will remain fixed for one year. What advice would you give Sumitomo?

2. U.S. Farm-Raised Fish Trading Co., a catfish concern in Jackson, Mississippi, tells its Japanese customers that it wants to be paid in dollars. According to its director of export marketing, this simple strategy eliminates all its currency risk. Is he right? Why?

Reference no: EM131278791

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