Question

you manfacture wine goblets. in mid june you received an order for 10,000 goblets from japan. Payment of ¥400,000 is due in mid-december. You expect the yen to rise from its present rate of $1= ¥130 to $1 = ¥100 by december. you can borrow yen at 6 percent a year. What should you do?

Answer 1

Answer:

very big yar very nice question