Creighton Industries purchased 1,234,970 worth of electrical supplies from a German store three months ago. The payment
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Creighton Industries purchased €1,234,970 worth of electrical supplies from a German store three months ago. The payment in euros is due today, and the firm has been quoted a spot rate of $1.3163/€ by its bank. What is the dollar cost of Creighton’s purchase?
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Foreign currency payables 1234970 Spot ...View the full answer
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Related Book For 
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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