Assume that the bank's bid quote of Mexican peso is $.115 and ask price is $.121. If
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Question:
Assume that the bank's bid quote of Mexican peso is $.115 and ask price is $.121. If you have Mexican pesos, what is the amount of pesos that you need to purchase $100,000?
a. 806,451
b. 869,565
c. 774,900
d. 775,194
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