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A currency trader observes the following quotes in the spot market: 1 U.S. dollar = 20.00 Mexican pesos 1 British pound = 8.65 Danish krone

A currency trader observes the following quotes in the spot market:

1 U.S. dollar =	20.00	Mexican pesos
1 British pound =	8.65	Danish krone
1 British pound =	1.38	U.S. dollars

Given this information, how many Mexican pesos (Mex$) can be purchased for 1 Danish krone?

a. 6.2681 Mex$

b. 1.6755 Mex$

c. 0.3134 Mex$

d. 3.1908 Mex$

e. 2.3121 Mex$

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