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What is the cost to Pharoah in US dollars

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Reference no: EM132847576

Question - Pharoah Equipment purchased machinery from a Japanese firm and must make a payment of ¥312,300,000 in 45 days. The bank quotes a forward rate of ¥120.00/$ to buy the required yen. What is the cost to Pharoah in U.S. dollars?

Reference no: EM132847576

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