Cost of Abalone Country Australia Chile Ireland New Zealand South Africa CLP Abalone Cost AUD 93,500 ISK NZD ZAR 640,00O 50,990,000 5,400,000 104,000 Exchange Rate $1 U.S. 1.1 AUD 585 CLP 61 ISK 1.3 NZD 7.8 ZAR %3D Refer to the table above. An international seafood supplier is offered 9.46 million yen today for 1000 pounds of abalone frozen in the shell. One thousand pounds of abalone can be sourced from various countries at the prices shown above. The current market exchange rates between the United States and the other relevant currencies are also shown. In addition, $1 U.S. = 104 yen. What is the value, in U.S. dollars, of the best deal the international seafood supplier can make? O $9962 O $12,462 O $10,962 O $11,962
Cost of Abalone Country Australia Chile Ireland New Zealand South Africa CLP Abalone Cost AUD 93,500 ISK NZD ZAR 640,00O 50,990,000 5,400,000 104,000 Exchange Rate $1 U.S. 1.1 AUD 585 CLP 61 ISK 1.3 NZD 7.8 ZAR %3D Refer to the table above. An international seafood supplier is offered 9.46 million yen today for 1000 pounds of abalone frozen in the shell. One thousand pounds of abalone can be sourced from various countries at the prices shown above. The current market exchange rates between the United States and the other relevant currencies are also shown. In addition, $1 U.S. = 104 yen. What is the value, in U.S. dollars, of the best deal the international seafood supplier can make? O $9962 O $12,462 O $10,962 O $11,962
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Cost of Abalone
Country
Australia
Chile
Ireland
New Zealand South Africa
CLP
ISK
NZD
Abalone Cost AUD 93,500
ZAR 640,000
50,990,000
5,400,000
104,000
Exchange
Rate $1 U.S. 1.1 AUD
585 CLP
61 ISK
1.3 NZD
7.8 ZAR
%3D
Refer to the table above. An international seafood supplier is offered 9.46 million yen
today for 1000 pounds of abalone frozen in the shell. One thousand pounds of
abalone can be sourced from various countries at the prices shown above. The current
market exchange rates between the United States and the other relevant currencies
are also shown. In addition, $1 U.S. = 104 yen. What is the value, in U.S. dollars, of the
best deal the international seafood supplier can make?
$9962
O $12,462
O $10,962
O $11,962
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