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How many eur will they need

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Question - An Italian shoe manufacturer has just agreed to buy $1.25M in high quality leather from a U.S. company. How many EUR will they need to make this payment if the current bid/ask quote they get from their FX dealer is EUR/USD1.3542-1.3575?

a. EUR 1,696,875

b. EUR 1,692,750

c. EUR 923,054

d. EUR 920,810

Reference no: EM133031745

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