A british-made component costs 36 uk pounds a company in, Financial Management

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A british-made component costs 36 uk pounds a company in

A British-made component costs 36 U.K. pounds. A company in the United States needs to buy these components and the current indirect quote indicates that one dollar will buy .6250 pounds. Ignoring transactions costs, how much will one component cost in U.S. dollars?

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Financial Management: A british-made component costs 36 uk pounds a company in

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