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Mexico and Quartzite. The spot rate for Mexican pesos is Ps 12.42/5. If the US based company Quartzite Inc buys Ps503.000 spot from its bank

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Mexico and Quartzite. The spot rate for Mexican pesos is Ps 12.42/5. If the US based company Quartzite Inc buys Ps503.000 spot from its bank on Friday, how much must Quartzite pay and on what date? How much must Quartzite pay? The cost in USS is $ (Round to the nearest cont.) On what day? (Select from the drop-down menus.) Spot transactions are settled in business days, so in this case

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