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Find what was the spot rate at which pesos were converted

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Reference no: EM132525008

Question 1: Beverley Ltd recent sale to a company in Mexico produced revenues of 12,140,800 Mexican pesos (MPs). If Beverley sold the pesos to its bank and was credited with $1,795,579.69, what was the spot rate at which the pesos were converted?

Reference no: EM132525008

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