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stion 11 wered ed out of 1.00 question On October 2, 20X4, Duck Corporation borrowed 150,000 British pounds from a London bank, evidenced by an

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stion 11 wered ed out of 1.00 question On October 2, 20X4, Duck Corporation borrowed 150,000 British pounds from a London bank, evidenced by an interest-bearing note payable due in one year. The note was payable in pounds. Exchange rates for pounds was: October 2, 20X4 $1.56 December 31, 20X4 $1.62 October 2, 2005 $1.60 What is the final amount of the loan payable that Duck showed on its books, in dollars, just before it repaid the loan? 5243,000 ObS232,000 5240,000

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