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A bank is currently quoting the spot rates of DEM/USD 3.24463.2456 and BEF/USD 65.3065.40. What is the lower bound on the bank's bid rate for

A bank is currently quoting the spot rates of DEM/USD 3.24463.2456 and BEF/USD 65.3065.40. What is the lower bound on the bank's bid rate for the BEF in terms of DEM

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