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Suppose an American investor is given the current exchange rates in the following table. The listed quotations are quotations stated in American terms. direct indirect

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Suppose an American investor is given the current exchange rates in the following table. The listed quotations are quotations stated in American terms. direct indirect Exchange Rate $1.8970 / pound British pound (E) Euro (C) Australian dollar (AUS) $1.4200 / euro $0.8760 / Australian dollar Given these rates, an Australian dollar can purchase British pounds. Green Sun Company is a U.S.-based firm that produces stereos in Germany at a cost of 120 (including production and transportation costs) and sells them in England for 97, Based on the exchange rate table given in the preceding question, what is Green Sun Company's dollar profit for each unit sold? $14.97 $13.61 $16.33 $14.29

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