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Ask the Tutor ACCA AFM

Polytot PLC/june 2004

Former userFormer user8y ago

[Content removed at user request]

John MoffatJohn MoffatTutor8y ago#1
They are converting USD 59,766 to pounds. The $59,766 is the premium, and the premium is payable. Therefore they are buying dollars and the relevant exchange rate is therefore 1.5475
John MoffatJohn MoffatTutor8y ago#2
You are welcome :-)
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