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Exercise 30: A brokerage company made the following deals: a) 10.00 a.m: GBP/USD: 1.2892 10.01 a.m: EUR/GBP: 0.8760 10.02 a.m: EUR/USD: 1.1285 Calculate the result

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Exercise 30: A brokerage company made the following deals: a) 10.00 a.m: GBP/USD: 1.2892 10.01 a.m: EUR/GBP: 0.8760 10.02 a.m: EUR/USD: 1.1285 Calculate the result (profit or loss?)! 10 million USD are sold; GBP are purchased GBP amount is sold against EUR EUR are sold against USD

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