What are the us dollar proceeds of the sale in mexican pesos

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Reference no: EM133910392

Problem

Pokémon Go Crystal Gomez, who lives in Mexico City, bought 100 Pokécoins for 17 Mexican pesos (Ps or MXN). Nintendo of Japan, one of the part owners of Pokémon Go, will need to convert the Mexican pesos (Ps or MXN) into its home currency, the Japanese yen, in order to record the financial proceeds. The current spot exchange rate between the Mexican peso and the U.S. dollar is MXN18.00 = 1.00 USD, and the current spot rate between the dollar and the Japanese yen (¥ or JPY) is JPY100.00 = USD1.00. What are the yen proceeds of Crystal Gomez's purchase? Assumptions Value Price of 100 Pokecoins in Mexico City (Mexican pesos, MXN or Ps) MXN 17 Spot exchange rate between the peso and the dollar (MXN = 1.00 USD) MXN 18.00 Spot exchange rate between the dollar and the yen (JPY = 1.00 USD) ¥100.00. What are the US dollar proceeds of the sale in Mexican pesos? Get the instant assignment help. What are the Japanes yen proceeds of the US dollar proceeds of the sale?

Reference no: EM133910392

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