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You are a Kuwaiti-based treasurer with KD1,000,000 to invest . The KD-euro exchange rate is quoted as 0.00 KD1.00 and the KD-Dollar exchange rate is

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You are a Kuwaiti-based treasurer with KD1,000,000 to invest . The KD-euro exchange rate is quoted as 0.00 KD1.00 and the KD-Dollar exchange rate is quoted at $3.28 = k01.00. A bank quotes you a cross tata 100+ $1.00 What should be the S[/S)? O a Cannot be determined since there is no arbitrage O b. 1 O c. 1.093 Od 0915

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