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An Italian shoe manufacturer has just agreed to buy $1.25M in high quality leather from a U.S. company. How many EUR will they need to

An Italian shoe manufacturer has just agreed to buy $1.25M in high quality leather from a U.S. 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/USD1.3542-1.3575?

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