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A bank quotes the following spot rates for the USD v GBP exchange rate. The bank's bid rate is 1 . 2 3 3 2

A bank quotes the following spot rates for the USD v GBP exchange rate.
The bank's bid rate is 1.2332(meaning 1.2332 USD = GBP 1.00 i.e.,1.2332 USD per GBP).
The bank's ask* rate is 1.2337(meaning 1.2337 USD = GBP 1.00 i.e.,1.2337 USD per GBP).
You are a corporate customer of the bank and you wish to buy 11 mio GBP (mio means million) from the bank and sell USD.
How many USD will the bank receive? Give your answer to the nearest USD.
*Another word for the "ask" rate is the "offer."

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