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suppose a quote for euro in New York is $1.0850 2 70. Suppose a quote for euro ($/) in New York is $1.0850- a. What

suppose a quote for euro in New York is $1.0850

2 70. Suppose a quote for euro ($/) in New York is $1.0850- a. What is the implied quote for dollar (/$) in New York? b. How much will it cost to buy 500,000? c. How much will you get if sell 600,000? (8 points)

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