Suppose that the direct price of euros per pound were 1.5650/ and the exchange rates versus the

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Suppose that the direct price of euros per pound were 1.5650/ and the exchange rates versus the dollar are 0.8153/$ and $1.5593/. If we start with 10,000,000, approximately what percentage we make in by trading these currencies?

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Linear Algebra A Modern Introduction

ISBN: 978-1285463247

4th edition

Authors: David Poole

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Posted Date: Mar 09, 2024 05:56 AM

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Suppose that the direct price of euros per pound were 1.5650/ and the exchange rates versus the

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To calculate the percentage gain from trading these currencies we need to follow th... View the full answer

Linear Algebra A Modern Introduction

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