1. Paris to St. Petersburg. On your post-graduation celebratory trip you are leaving Paris for St. Petersburg, Russia. You leave Paris with 10,000 euros in your money pouch. Wanting to exchange all of these for Russian rubles, you obtain the following quotes:

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Spot rate on the dollar/euro cross rate $1.4260/ Spot rate on the ruble/dollar cross rate Rbl 24.75/5