Global Inc. just placed an order for 25,000 units at a cost of 162 Singapore dollars each, which will be payable when the shipment arrives in 120 days. Global sells these units at $148 each. The spot exchange rate is S$1.2537. What will the profit be on this order if the exchange rate increases to S$1.2602 over the next 120 days?
A) $513,564
B) $508,121
C) $516,407
D) $486,224
E) $472,433
Correct Answer:
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