Question
Ali is a company based in India, where the currency is the Indian Rupee (IR). They owe money to a supplier in Ruritania, where the
Ali is a company based in India, where the currency is the Indian Rupee (IR). They owe money to a supplier in Ruritania, where the currency is Ruritanian Dollars (R$). The amount owing is R$ 520,000. The current exchange rate is IR/R$ 8.7240 9.2450 How many Indian Rupees will Ali have to pay?
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Finance Capital Markets Financial Management And Investment Management
Authors: Frank J. Fabozzi, Pamela Peterson Drake
1st Edition
0470407352, 978-0470407356
