What was the spot rate at which pesos were converted

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Reference no: EM131616240

Crescent Corporation's recent sale to a firm in Mexico produced revenues of 14, 051,000 Mexican pesos (MPs). If the firm sold the pesos to its bank and was credited with $1, 634, 529.12, what was the spot rate at which the pesos were converted? (Round answer to 4 decimal places, e.g. 15.2500.) Spot rate $ /MP

Reference no: EM131616240

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