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Home Q & A Board Other Fields Homework Help Business Management
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stranahan stranahan
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Posts: 3324
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7 years ago
In the United States, we can buy a pair of shoes for $55. These shoes are identical in all aspects to a pair of shoes from Japan that be purchased for ¥6,000 including shipping costs. What percentage (relative to $55 U.S. cost) can we save by buying the shoes in Japan if the exchange rate is $1 for ¥120?
A) 9.07%
B) 9.13%
C) 9.09%
D) 9.11%
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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clockfitnessclockfitness
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7 years ago
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stranahan Author
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#2
7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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