You are an international shrimp trader. A food producer in the Czech Republic offers to pay you 2.4 million Czech koruna today in exchange for a year’s supply of frozen shrimp. Your Thai supplier will provide you with the same supply for 2.9 million Thai baht today. Current competitive markets exchange rates are 20.38 koruna per dollar and 40.17 baht per dollar,
a. The Czech buyer’s offer is $____ ?(Round to the nearest cent.)
b. If the current competitive markets exchange rates are 20.38 koruna per dollar and 40.17 baht per dollar, what is the value of this deal?