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Suppose one observed the following direct spot quotations in Auckland and New York, respectively: 1.340/50 and 0.7480/90. Arbitrage profits per NZD1 million equal: Select one

Suppose one observed the following direct spot quotations in Auckland and New York, respectively: 1.340/50 and 0.7480/90. Arbitrage profits per NZD1 million equal: Select one a. USD 0 b. NZD 955.08 O c. USD 981.25 d. NZD 2,320

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