Spot rate: Ryan wants to buy a pair of leather shoes at Harrods in London that costs

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Spot rate: Ryan wants to buy a pair of leather shoes at Harrods in London that costs £113.60. If the exchange rate is $1.3686/£, what is Ryan’s cost in U.S. dollars?

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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