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BMW M5 costs in Germany 75,000 and is currently sold in the USA for $86,250. The current FX rate is $1.1500/. Compute the new price
BMW M5 costs in Germany 75,000 and is currently sold in the USA for $86,250. The current FX rate is $1.1500/. Compute the new price of BMW M5 in USD if FX rate changed to $1.2500/ and BMW uses 75% pass-through policy. (Round your answer to the nearest dollar).
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