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Suppose you have 2 1 , 0 0 0 in U . S . dollars ( USD ) and want to trade currencies. Your financial
Suppose you have in US dollars USD and want to trade currencies. Your financial analyst suggests buying Mexican pesos MXN since they're expected to strengthen. The initial exchange rate was MXN for USD Assume that you make a transaction, and in a month, the exchange rate changes to MXN
Calculate your profit or loss if you sell MXN for USD a month after the purchase. Write your answer as a positive number if you receive a profit or as a negative number if you receive a loss. If necessary, round any intermediate calculations and your final answer to the nearest whole number.
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