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An English business man has €101,313 short term debt due in a two days. He does...

An English business man has €101,313 short term debt due in a two days. He does not have any euros right now and won't have any incoming euro cash flow in the near future. So he decides to buy euro from the FX market to make the payment. He obtained currency quotes from his bank: €1.1151/£ -- €1.1282/£.

Estimate the size of his £ cash flow. Answer format: keep four decimal places; include the price currency only; do not use thousand separator. Example: 2122.1345 (£) or 2122.1345 (€)

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€/ £ €1. 1151/£ -- €1.1282/£. Selling rate of Pound will be 1.1551 € required to pay short term debt € 101,313 £ Require to p

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