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Consider the following exchange rates: 1 euro = 1.18 US dollars, and 1 euro 10.26 Swedish kronos. Based on these rate, if there is no
Consider the following exchange rates: 1 euro = 1.18 US dollars, and 1 euro 10.26 Swedish kronos. Based on these rate, if there is no arbitrage opportunity, how many Swedish kronos should 50,000 US dollars convert into? Enter your answer rounded to the near whole dollar (i.e., the nearest integer)
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