Crystal Gomez, who lives in Mexico City, bought 100 Pokcoins for 17 Mexican pesos (Ps or MXN) Nintendo of Japan, one of the part owners of Pokmon Go, will need to convert the Mexican pesos (Ps or MXN) into its home currency, the Japanese yen, in order to record the financial proceeds The current sp...

Crystal Gomez, who lives in Mexico City, bought 100 Pokcoins for 17 Mexican pesos (Ps or MXN).

Question:

Crystal Gomez, who lives in Mexico City, bought 100 Pokécoins for 17 Mexican pesos (Ps or MXN). Nintendo of Japan, one of the part owners of Pokémon Go, will need to convert the Mexican pesos (Ps or MXN) into its home currency, the Japanese yen, in order to record the financial proceeds. The current spot exchange rate between the Mexican peso and the U.S. dollar is MXN18.00 = 1.00 USD, and the current spot rate between the dollar and the Japanese yen (¥ or JPY) is JPY100.00 = USD1.00. What are the yen proceeds of Crystal Gomez's purchase? Assumptions Price of 100 Pokecoins in Mexico City (Mexican pesos, MXN or Ps) Spot exchange rate between the