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stranahan stranahan
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7 years ago
The current indirect exchange rate is 12 pesos per dollar. The anticipated annual inflation rate is 5% in the United States and 5% in Mexico. If the cash inflow in pesos is 50,000 in one year, what are the 50,000 pesos worth in U.S. dollars after conversion from pesos to dollars using the forward exchange rate?
A) $4,168.67
B) $4,166.67
C) $4,169.67
D) $4,165.67
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Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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crackerspoppycrackerspoppy
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7 years ago
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stranahan Author
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7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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