What is the spot exchange rate between the euro

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Question: A large retailer obtains merchandise under the credit terms of 2/15, net 35, but routinely takes 55 days to pay its bills. (Because the retailer is an important customer, suppliers allow the firm to stretch its credit terms.) What is the retailer's effective cost of trade credit? Assume a 365-day year. Do not round intermediate calculations. Round your answer to two decimal places.

A computer costs $530 in the United States. The same model costs €635 in France. If purchasing power parity holds, what is the spot exchange rate between the euro and the dollar? Do not round intermediate calculations. Round your answer to two decimal places.

Reference no: EM133265587

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