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A trader at a well-known investment bank, Morgan Stanley, has a Brazilian client who wants to invest in emerging markets. The trader suggests the purchase
- A trader at a well-known investment bank, Morgan Stanley, has a Brazilian client who wants to invest in emerging markets. The trader suggests the purchase of Nigerian government-issued bonds. The current market price of one bond is 359,000 Nigerian naira. How many Brazilian real will it cost to purchase 750 Nigerian bonds?
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