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What are the total proceeds from conversion

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A businessman has just completed transactions in Japan and Singapore. He is now holding JPY10,000,000 and SGD750,000 and he wants to convert to US dollars. (JPY and SGD stand for Japanese Yen and Singapore dollar, respectively.) His currency dealer provides the following quotations:

USD/JPY 0.0091 – 0.0095

SGD/USD 1.6287 – 1.6300

What are the total proceeds from conversion?

Reference no: EM132053318

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