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Transaction exposure.International Products, Inc. has ordered 18,000 leather coats from Argentina for delivery in 3...

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Finance

Transaction exposure.International Products, Inc. has ordered 18,000 leather coats from Argentina for delivery in 3 months. The contracted cost of a coat is 129 pesos. International Products will pay for the coats upon delivery. The current indirect exchange rate is $1 for 1.3145 pesos. The anticipated inflation rate is 3.5% in the United States and 8.3 % in Argentina. In U.S. dollars, how much will the 18,000 leather coats cost International Products at delivery?

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