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Suppose the spot quote for the Euro and dollar are 0.8491/$. The spot quote for the British Pound and dollar are 0.7478/$. What is the

Suppose the spot quote for the Euro and dollar are 0.8491/$. The spot quote for the British Pound and dollar are 0.7478/$. What is the quote between the Euro and the British Pound if there is no arbitrage opportunity?

a. 1.1355/

b. 0.8807/

c. 0.6350/

d. None of the above

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