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Business, 22.03.2021 07:40 maxy7347go

You are a American wholesaler looking to purchase wine goblets. Your company will pay a Japanese supplier ¥ 380 for each wine goblet, and the current dollar/yen spot exchange rate is $1 = ¥ 112. At this rate each wine glass costs you $3.39. You know you can sell each wine goblet for $6.95 which yields a gross profit of $3.56. However you cannot pay the supplier until all of the wine goblets are sold. If over the next 30 days the dollar unexpectedly depreciates against the yen to $1 = ¥90 what will be the profit per wine glass?

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