You are a firm in mexico that just bought shirts from a, Financial Management

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You are a firm in mexico that just bought shirts from a

You are a firm in Mexico that just bought shirts from a firm in Thailand. You need to pay Baht 200,000 for the shirts. How many Pesos will this cost your firm if you have to “go through” the dollar to convert the Peso to Baht?

• Bid: Peso 10.9645 Ask: Peso 10.9690.

• Bid: Baht 32.91 Ask: Baht 33.11.

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Financial Management: You are a firm in mexico that just bought shirts from a

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