Can you please help me solve this problem? If the direct price of the dollar is DM2.5

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Can you please help me solve this problem?

If the direct price of the dollar is DM2.5 in 1990 Frankfurt and transaction costs were .4% of the amount transacted, the minimum-maximum direct quotes for the DM in New York were?

Posted Date: May 18, 2024 07:09 PM

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Can you please help me solve this problem? If the direct price of the dollar is DM2.5

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