Crescent Corporations recent sale to a firm in Mexico produced revenues of 13,144,800 Mexican pesos (MPs). If

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Crescent Corporation’s recent sale to a firm in Mexico produced revenues of 13,144,800 Mexican pesos (MPs). If the firm sold the pesos to its bank and was credited with $1,077,873.60, what was the spot rate at which the pesos were converted?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 12, 2012 01:45 AM

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Crescent Corporations recent sale to a firm in Mexico produced revenues of 13,144,800 Mexican pesos (MPs). If

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Fundamentals of corporate finance

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