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A company in the Eurozone, Tornado Supercar Inc. will pay CNY 704,000 to its supplier in China. The bid-ask rate for a euro is USD

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A company in the Eurozone, Tornado Supercar Inc. will pay CNY 704,000 to its supplier in China. The bid-ask rate for a euro is USD 0.9374-1.0284 and the bid-ask rate for a Chinese Yuan is USD 1.693-1.8411. Find the amount Tornado has to pay to its Chinese supplier in euros. a. 427,639.46 b. 1,382,690.85 c. 1,271,465.76 d. 358,443.10

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