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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 Imerican terms. Given these
Suppose an American investor is given the current exchange rates in the following table. The listed quotations are quotations stated in Imerican terms. Given these rates, an Australian dollar can purchase British pounds. Green Caterpillar Garden Supplies Inc. is a U.S.-based firm that produces stereos in Germany at a cost of 110 (including production and ransportation costs) and sells them in England for 102. Based on the exchange rate table given in the preceding question, what is Green Caterpillar Sarden Supplies Inc.'s dollar profit for each unit sold? $64.68 $53.43 $59.05 $56.24
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