WSM Wine Importers, Inc. purchased 75,000 cases of French wine at a cost of 6,000,000 euros. If the
current exchange rate is 0.7576 euros to the U.S. dollar, what is the purchase price of the wine in
U.S. dollars?
A) $9,684,148 B) $8,350,012 C) $9,328,651 D) $ 7,919,747
D
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EFG Company experienced a reduced demand for its products during a recession. EFG managers were considering laying off some workers when the personnel director said, "Let's not lay off these workers
If we do, our unemployment insurance premiums will increase. The state considers employment stability when determining our premium." Considering the firm's employment record when determining the rate to charge for unemployment insurance is called A) experience rating. B) class rating. C) schedule rating. D) retrospective rating.
How does arbitrage help the Law of One Price?
What will be an ideal response?