=+b. The exchange rate for pesos was 9.21 pesos per US$1.00 at the time of the purchase.

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=+b. The exchange rate for pesos was 9.21 pesos per US$1.00 at the time of the purchase. At the time of the sale, the exchange rate was 9.85 pesos per US$1.00.

Translate the purchase and sale prices into US$.

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Principles Of Managerial Finance

ISBN: 9781292261515

15th Global Edition

Authors: Chad J. Zutter, Scott Smart

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