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2. Foreign exchange rate quotations An exchange rate is the price of one country currency expressed in another country's currency. Suppose an American invessor is

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2. Foreign exchange rate quotations An exchange rate is the price of one country currency expressed in another country's currency. Suppose an American invessor is given the current exchange rates in che following table. The listed quptations are quotations stated in American terms. Given these rates, an Australian dollar can purchase British pounder. Green Caterpillar Garden Supplies Inc, is a U.S.tbased firm that produces stereos in Germany ar a cost of C.115 (induding production and transportation costs) and sells them in England for &.92. Based on the exchange rate table given in the preceding quesrion, what is Green Caterpillar: Garden Supples incis dollar profit for each unit sold? 517.28 413.68 $14,40 $15,64

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