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Cross Rate Given these two exchange rates, $1 = 11.55 Mexican peso and $1 = .7545, compute the cross rate between the Mexican peso and

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Cross Rate Given these two exchange rates, $1 = 11.55 Mexican peso and $1 = .7545, compute the cross rate between the Mexican peso and the Euro. State this exchange rate in pesos and in Euros. (Closest to) Multiple Choice 1.3254 Euros, 0866 pesos 15.3139 Euros, 0653 pesos .0653 Euros, 15.3139 pesos 0866 Euros, 1.3254 pesos

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