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Suppose the direct quote for sterling in New York is 1.9880-5. How much would 500,000 cost in New York? A) $106,425 B) $994,250 C) $999,750

Suppose the direct quote for sterling in New York is 1.9880-5. How much would 500,000 cost in New York?

A) $106,425

B) $994,250

C) $999,750

D) $109,425

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