What was the spot rate at which the pesos were


Crescent Corporation's recent sale to a firm in Mexico produced revenues of 14,264,000 Mexican pesos (MPs). If the firm sold the pesos to its bank and was credited with $1,641,037.50, what was the spot rate at which the pesos were converted? (Round answer to 4 decimal places, e.g. 15.2500.)

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Financial Management: What was the spot rate at which the pesos were
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