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Problem #4: International Grocer buys cooking oils from Malaysia, priced in Malaysian ringgits, and Britain (priced in British pounds). The company was recently quoted the

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Problem \#4: International Grocer buys cooking oils from Malaysia, priced in Malaysian ringgits, and Britain (priced in British pounds). The company was recently quoted the following bid-ask prices: If International Grocer converted $1,000,000 to (1) British pounds, (2) then British pounds to Malaysian ringgits, and (3) back to United States dollars, would it experience a gain or a loss

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