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11-03-2024
Business

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The Enchilada Corporation recently sold a shipment to a Mexican firm which was valued at MP22,200,000. If the US Company received $3,100,000 after currency conversion from its bank, what was the spot rate that the bank used? (Round to five decimal places)
A. 0.13964 $/MP
B. 7.16129 $/MP
C. 8.2520 $/MP
D. None of the above

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