Suppose your company imports computer motherboards from Singapore. The exchange rate is $1.4464 per Singapore dollar. You have just placed an order for 37241 motherboards at a cost to you of S151 Singapore dollars each. You will pay for the shipment when it arrives in 90 days. You can sell the motherboards for $112 each. What is the break-even exchange rate? NOTE: Enter the PERCENTAGE number rounding to twol decimals. If your decimal answer is 0.034576, your answer must be 3.46. DO NOT USE the % sign

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
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Suppose your company imports computer motherboards from Singapore. The exchange
rate is $1.4464 per Singapore dollar. You have just placed an order for
37241 motherboards at a cost to you of S151 Singapore dollars each. You will pay for the
shipment when it arrives in 90 days. You can sell the motherboards for $112 each. What
is the break-even exchange rate?
NOTE: Enter the PERCENTAGE number rounding to twal decimals. If your
decimal answer is 0.034576, your answer must be 3.46. DO NOT USE the % sign
Transcribed Image Text:Suppose your company imports computer motherboards from Singapore. The exchange rate is $1.4464 per Singapore dollar. You have just placed an order for 37241 motherboards at a cost to you of S151 Singapore dollars each. You will pay for the shipment when it arrives in 90 days. You can sell the motherboards for $112 each. What is the break-even exchange rate? NOTE: Enter the PERCENTAGE number rounding to twal decimals. If your decimal answer is 0.034576, your answer must be 3.46. DO NOT USE the % sign
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