Cross rate: Flint Corp. recently purchased auto parts worth 17.5 million Mexican pesos (MP) on credit. Management
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Cross rate: Flint Corp. recently purchased auto parts worth 17.5 million Mexican pesos (MP) on credit. Management needs to find out the U.S. dollar cost of the purchase. It has access to two quotes for Canadian dollars (C$): C$1.2430/$ and C$0.0620MP. What did it cost Flint to purchase the auto parts in U.S. dollars?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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