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2. Suppose a quote for British pound ($/) in New York is $1.3250-60. a. What is the implied quote for dollar (/$) in New York?

2. Suppose a quote for British pound ($/) in New York is $1.3250-60.

a. What is the implied quote for dollar (/$) in New York?

b. How much will it cost to buy 500,000?

c. How much will you get if sell 500,000?

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