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Jaguar has full manufacturing costs of their S-type sedan of £22,803. They sell the S-type in the UK

boland

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Jaguar has full manufacturing costs of their S-type sedan of £22,803. They sell the S-type in the UK

Jaguar has full manufacturing costs of their S-type sedan of £22,803. They sell the S-type in the UK with a 20% margin for a price of £27,363. Today these cars are available in the US for $44,600 which is the UK price multiplied by the current exchange rate of $1.63/£. Jaguar has committed to keeping the US price at $44,600 for the next six months. If the UK pound appreciates against the USD to an exchange rate of $1.75/£, and Jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?
A) £25,486
B) £27,363
C) £44,600
D) £22,803

Textbook

Fundamentals of Multinational Finance

Edition: 5^th

Authors: Moffet, Stonehill, Eiteman

Read 837 times

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boland Author

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7 years ago

Perfection

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noxx53

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7 years ago

You're welcome Wink Face

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IslaW

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3 years ago

Great

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Hadi F.

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3 years ago

nice

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