An American portfolio manager wants to buy 0 million dollars worth of French bonds. The manager wants to know how many euros can be obtained
An American portfolio manager wants to buy 0 million dollars worth of French bonds. The manager wants to know how many euros can be obtained to invest. The manager calls several banks for their quotations: Bank A: USD:EUR=0.8000-20 Bank B: USD: EUR=0.79985-05 Bank C: USD:EUR=0.79995-15 How many euros can the manager get to do the investment
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