Assume a pair of Nike athletic shoes costs $95.00 (USD), but since you are a Japanese consumer, you can purchase it for 9,690 Yen. What is the American quote based on this information?
Your response should be at least 100 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Moffett, M. H., Stonehill, A. I., & Eiteman, D. K. (2012). Fundamentals of multinational finance. (IV ed., p. 158). New York: Pearson.
(Moffett, Stonehill & Eiteman, 2012)
No Wiki, no dictionary.com, please cite all work.