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For a currency swap with $10 million notional principal, the notional principal in British pounds if the exchange rate is $1.55 is (approximately) a. pound

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For a currency swap with $10 million notional principal, the notional principal in British pounds if the exchange rate is $1.55 is (approximately) a. pound 11.55 million b. pound 15.5 million c. pound 10 million d. pound 6.45 million e. none of the above

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