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The pound-dollar exchange rate is 0.75 pounds to the dollar. The yen-dollar exchange rate is 150 yen to the dollar. The yen-pound exchange rate is
The pound-dollar exchange rate is 0.75 pounds to the dollar. The yen-dollar exchange rate is 150 yen to the dollar. The yen-pound exchange rate is 100 yen to the pound. Starting with 1 pound, you can make arbitrage profits of
Group of answer choices
1 pound
zero.
1.5 pounds
2 pounds
2.5 pounds
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