You just returned from a trip to Italy and have 870 euros remaining. How many dollars will you receive when you return home if the exchange rate is .9213 euros per U.S dollar? $870 $801.53 $944.32

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter27: Multinational Financial Management
Section: Chapter Questions
Problem 4P: If euros sell for 1.50 (U.S.) per euro, what should dollars sell for in euros per dollar?
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You just returned from a trip to Italy and have 870 euros remaining. How many dollars will you
receive when you return home if the exchange rate is .9213 euros per U.S dollar?
O $870
O $801.53
O $944.32
5 pts
Transcribed Image Text:You just returned from a trip to Italy and have 870 euros remaining. How many dollars will you receive when you return home if the exchange rate is .9213 euros per U.S dollar? O $870 O $801.53 O $944.32 5 pts
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