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S0 = $1.2151/ S0 = 0.7371/$ S0 = $1.3567/ Where: S = spot price = euro; = British pound; 1. A London dealer banks current

S0 = $1.2151/ S0 = 0.7371/$ S0 = $1.3567/ Where: S = spot price = euro; = British pound;

1. A London dealer banks current bid/ask quotes for the U.S. dollar are 0.7254/$ and 0.7586/$. If you want to sell $23,000,000 to that dealer, how many pounds would you receive?

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