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The following spot rates are expressed in Canadian currency. 1.08 Cdn = 1 U.S. dollar 1.45 Cdn = 1 Euro 2.13 Cdn = 1 British

The following spot rates are expressed in Canadian currency.

1.08 Cdn = 1 U.S. dollar

1.45 Cdn = 1 Euro

2.13 Cdn = 1 British pound

Required:

Use the above data to calculate the amount in Euros, which can be acquired with 500,000 British pounds

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