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Suppose one observed the following direct spot quotations in Auckland and New York, respectively: 1.350/60 and 0.7470/80. Arbitrage profits per NZD1 million equal: Select one:

Suppose one observed the following direct spot quotations in Auckland and New York, respectively: 1.350/60 and 0.7470/80. Arbitrage profits per NZD1 million equal:

Select one:

a. 8450

b. 8000

c. 8900

d. 202

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