Suppose a U.S.importer purchases an Italian product today but will not pay for it for 90 days.The cost of the product today is 85,000 euros.The spot exchange rate today is .7559 euros per dollar.How much is the cost today in dollars?
A) $58,062
B) $56,153
C) $65,683
D) $64,252
Correct Answer:
Verified
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