Question
12-Two months ago, you decided to purchase 500,000 pounds at a spot rate of =$1.045-60. You sold all of your pounds today at the going
12-Two months ago, you decided to purchase 500,000 pounds at a spot rate of =$1.045-60. You sold all of your pounds today at the going spot rate of $= .965-74. Find your profit/loss in terms of dollars. Round intermediate steps to four decimals.
4031.10
-16,652.98
15,301.89
-11865.29
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
