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A Danish manufacturer has just agreed to buy $1.25M in textiles from a US company. How many EUR will they need to make this payment

A Danish manufacturer has just agreed to buy $1.25M in textiles from a US company. How many EUR will they need to make this payment if the current bid/ask quote they get from their FX dealer is EUR/USD1.0542 EUR/USD1.0575? a. EUR 1,321,875 b. EUR 1,317,750 c. EUR 1,182,033 d. EUR 1,185,733

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