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19. Youre a US based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.53=1.00 and the dollar pound exchange rate is

19. Youre a US based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.53=1.00 and the dollar pound exchange rate is quoted at $1.53=1.00. If a bank quotes you a cross rate of 1.00=1.12 how much money can an astute trader make?

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