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An American has just completed transactions in Germany and England. He is now holding Euro 250,000.00 and Euro 500,000.00 and wants to convert to U.S.

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An American has just completed transactions in Germany and England. He is now holding Euro 250,000.00 and Euro 500,000.00 and wants to convert to U.S. dollars. His currency dealer provides this quotation Assuming no other fees, what are his proceeds from conversion

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