Ch 17: Assignment - Multinational Financial Management Back to Assignment Attempts: 1 Keep the Highest: 1/3 ttention: Due to a bug in Google Chrome, this page may not function correctly. Click here to learn more 2. Foreign exchange rate quotations Aa Aa An exchange rate is the price of one country's currency expressed in another country's currency Suppose an American investor is given the current exchange rates in the following table. The listed quotations are American terms quotations stated in British pound (E) Euro () Australian dollar (AUS) $0.9710 Australian dollar Exchange Rate $1.9250/ pound $1.4200 euro Given these rates, an Australian dollar can purchase British pounds. Hungry Whale Electronics Company is a U.S.-based firm that produces stereos in Germany at a cost of 120 (including production and transportation costs) and sells them in England for E 99. Based on the exchange rate table given in the preceding question, what is Hungry Whale Electronics Company's dollar profit for each unit sold? O $23.21 O $16.14 O $20.18 O $18.16