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Use the Following Information About the Spot Exchange Rates to Answer

question 37

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Use the following information about the spot exchange rates to answer the questions 18 - 20.
Suppose that the spot exchange rates for British pound quoted in two locations are:
Use the following information about the spot exchange rates to answer the questions 18 - 20. Suppose that the spot exchange rates for British pound quoted in two locations are:    -Suppose that you have £1 million,how much arbitrage profit can you make? A)  £-30,674.85 B)  £12,658.23 C)  £31,627.64 D)  £51,612.90
-Suppose that you have £1 million,how much arbitrage profit can you make?


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