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5 . 1 2 Vienna Corporate Treasury. A corporate treasury working out of Vienna with operations in New York simultaneously calls Citibank in New York

5.12 Vienna Corporate Treasury. A corporate treasury working out of Vienna with operations in New York simultaneously calls Citibank in New York City and Barclays in London. The banks give the following quotes on the euro simultaneously:
\table[[Citibank NYC,Barclays London],[Bid: $0.7551=;1.00,Bid: $0.7545=;1.00
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