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What is the cost to blossom in us dollars

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Reference no: EM132500880

Problem: Blossom Equipment purchased machinery from a Japanese firm and must make a payment of ¥292,200,000 in 45 days. The bank quotes a forward rate of ¥120.00/$ to buy the required yen. What is the cost to Blossom in U.S. dollars? (Round answer to 2 decimal places, e.g. 15.25.)

Reference no: EM132500880

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