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The exchange rate between South African rand (ZAR) and USD is R7.8789 per $1. Later, ZAR appreciates by 2.5%. Calculate the new direct quote. A.

The exchange rate between South African rand (ZAR) and USD is R7.8789 per $1. Later, ZAR appreciates by 2.5%. Calculate the new direct quote.

A. $0.12692

B. $0.130094

C. $0.025

D. None of the above

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