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stranahan stranahan
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7 years ago
In the United States, we can buy a pair of shoes for $36. These shoes are identical in all aspects to a pair of shoes from Japan that be purchased for ¥6,000 including shipping costs. What dollar amount can we save by buying the shoes in the United States if the exchange rate is $1 for ¥150?
A) $2.00
B) $5.00
C) $4.00
D) $3.00
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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crackerspoppycrackerspoppy
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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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