please help me with this question. thank you.

Search Textbook Solutions | Chegg.com 05 rted: Oct 11 at 10:38pm uiz Instructions Question 9 0.7 pts My name is Maurice. I have $60,000 in FXCM (Foreign Exchange Market). I am considering converting dollar to Euro now. The rate I apply now (first exchange rate conversion) is 0.91 Euro/$. In the evening. I bet the rate will be favorable to me. Let's assume there are no service fees about this process. If I strongly believe in my speculation, and I want to make at least $6000 profit from this process, what should be the exchange rate for the 2nd conversion to meet my profit target? (Rounding: 1/100, e.g..468 -> 47) Less than or equal to.85 Euro/$ Less than or Equal to.87 Euro/$ Less than or equal to.83 Euro/ Less than or equal to .89 Euro/$ Previous Next MacBook