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Uzair is speculating in the movement of USD and EUR. Uzair has USD10 million to begin with, and Uzair must state all profits at the

Uzair is speculating in the movement of USD and EUR. Uzair has USD10 million to begin with, and Uzair must state all profits at the end of any speculation in USD. The spot rate on the euro is USD0.885/EUR, while the 30-days forward rate is USD0.900/EUR. (Note: State all answer in USD)

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