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A German firm is attempting to determine the euro/pound exchange rate and has the following exchange rate information: USD/pound = $1.5509/ and the USD/euro rate

A German firm is attempting to determine the euro/pound exchange rate and has the following exchange rate information: USD/pound = $1.5509/ and the USD/euro rate = $1.2194/. Therefore, the euro/pound rate must be:

a. 1.2719/.

b. 1.2719/.

c. 0.7316/.

d. 0.7863/.

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