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boland boland
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8 years ago
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
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Fundamentals of Multinational Finance

Fundamentals of Multinational Finance


Edition: 5th
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noxx53noxx53
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