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Exxon Oil Corp is negotiating the purchase of 1 million barrels of oil from a bankrupt competitor to be delivered and paid for in exactly

Exxon Oil Corp is negotiating the purchase of 1 million barrels of oil from a bankrupt competitor to be delivered and paid for in exactly 1 year Exxon is willing to pay S99 per barrel because they can sell the oil in advance to oil refineries. For political reasons, the oil exporter wants the contract expressed in Pesos What price per barrel of oil expressed in Pesos is equivalent to $99 f the "in US Dollar" exchange rate for Pesos is $0.1280

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