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Using the spot rate of pounds quoted at $1.624-31, if you would like to convert $10,000 to pounds, and then converting back to dollars, the last dollar value would be ________.  A. $8,932.45 B. $9,423.93 C. $9,957.08 D. $8,751.22

Using the spot rate of pounds quoted at $1.624-31, if you would like to convert $10,000 to pounds, and then converting back to dollars, the last dollar value would be ________.  A. $8,932.45 B. $9,423.93 C. $9,957.08 D. $8,751.22

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Using the spot rate of pounds quoted at $1.624-31, if you would like to convert $10,000 to pounds, and then converting back to dollars, the last dollar value would be ________. 

A.

$8,932.45

B.

$9,423.93

C.

$9,957.08

D.

$8,751.22

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