You are an international shrimp trader. A food producer in the Czech Republic offers to...
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Accounting
You are an international shrimp trader. A food producer in the Czech Republic offers to pay you
2.4
million Czech koruna today in exchange for a year's supply of frozen shrimp. Your Thai supplier will provide you with the same supply for
3.2
million Thai baht today. If the current competitive market exchange rates are
25.36
koruna per dollar and
41.34
baht per dollar, what is the value of this exchange to you?
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