Question
You look in the newspaper and see the following FX rates for the Mexican Peso: 0.0493 (in US $) and 20.3025 (Per US $). On
You look in the newspaper and see the following FX rates for the Mexican Peso: 0.0493 (in US $) and 20.3025 (Per US $). On a trip to Mexico, you purchase an item for 1,000 pesos. How much does this cost you in US dollars? Give your answer to two decimal places.
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Corporate Finance Reader
Authors: Robert W. Kolb
2nd Edition
1878975536, 978-1878975539
