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A British firm offers a French customer the choice of paying a 10,000 bill due in 90 days with either 10,000 or 12,500. At the

A British firm offers a French customer the choice of paying a 10,000 bill due in 90 days with either 10,000 or 12,500. At the maturity date, if the current exchange rate is 1.30 = 1.00. The French customer will choose to pay ________.

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