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A businessman has just completed transactions in Italy and England. He is now holding 250,000 and 500,000 and wants to convert to U.S. dollars. His

A businessman has just completed transactions in Italy and England. He is now holding 250,000 and 500,000 and wants to convert to U.S. dollars.

His currency dealer provides this quotation:

GBP/USD 0.6488 93

USD/EUR 1.4739 44

What are his proceeds from conversion?

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