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2. Suppose that on April 2, 2020, the spot rate for dirhams is 5.5 dirhams/GBP. Victoria, PLC. will still receive 500,000 dirhams. How much are

2. Suppose that on April 2, 2020, the spot rate for dirhams is 5.5 dirhams/GBP. Victoria, PLC. will still receive 500,000 dirhams. How much are they now worth in GBP? Prepare the entries in Victoria's books.

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