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Quartzite Inc. The spot rate for Mexican pesos is Ps 12.46 / $. If the U.S. based-company Quartzite Inc. buys Ps501,000 spot fro, its bank
Quartzite Inc. The spot rate for Mexican pesos is Ps 12.46 / $. If the U.S. based-company Quartzite Inc. buys Ps501,000 spot fro, its bank on Tuesday, how much must Quartzite pay and on what date?
How much must Quartzite must pay?
The cost in US$ is $____
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