Question
The Mexican peso exchange rate is 20.25 peso/$ bid and 20.55 peso/$ offered. I am a market taker and need to buy 41 million peso.
The Mexican peso exchange rate is 20.25 peso/$ bid and 20.55 peso/$ offered. I am a market taker and need to buy 41 million peso. How many dollars will it cost me? Please answer to two decimal places with no currency symbol.
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
