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. Suppose the spot ask exchange rate, S*($|E), is $1.91 = $1.00 and the spot bid exchange rate, So($|E), is $1.88 = $1.00. If you

. Suppose the spot ask exchange rate, S*($|E), is $1.91 = $1.00 and the spot bid exchange rate, So($|E), is $1.88 = $1.00. If you were to buy $8,000,000 worth of British pounds and then sell them fi...

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