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You are a U.S.-based treasurer with $5,000,000 to invest. The dollar-euro exchange rate is quoted as $1.18 = 1.00 and the dollar-pound exchange rate is

You are a U.S.-based treasurer with $5,000,000 to invest. The dollar-euro exchange rate is quoted as $1.18 = 1.00 and the dollar-pound exchange rate is quoted at $1.39 = 1.00. If a bank quotes you a cross-rate of 1.00 = .8472, how much money can you make

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