Upon bankruptcy being declared, all the assets of the bankrupt are transferred into the possession of the Trustee in Bankruptcy

Assume that you are the manager of a U.S. company and you face an exchange rate of ¥120 per $1

Whenever you receive an order, rather than ship from your production facilities, you call in the order to a Japanese company and have the bill shipped to you directly. If the bill shipped to you is ¥7,500 and you can collect $65 per item sold to your customer, what would be your profit per item be if you pay the Japanese company ¥7,500? A) $1.50 per item B) $1.60 per item C) $2.50 per item D) $2.80 per item

Describe the sequence of transactions required to do a covered interest arbitrage out of Japanese yen and into U.S. dollars

What will be an ideal response?