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Crescent Corporations recent sale to a firm in Mexico produced revenues of 14,260,000 Mexican pesos (MPs). If the firm sold the pesos to its bank

Crescent Corporations recent sale to a firm in Mexico produced revenues of 14,260,000 Mexican pesos (MPs). If the firm sold the pesos to its bank and was credited with $1,646,704.15, what was the spot rate at which the pesos were converted? (Round answer to 4 decimal places, e.g. 15.2500.)

Spot rate $ /MP

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