Question: Please show any caculations or formulas. If using excel, please show data. Please use a detailed exlination. practice 3 Looking at yesterdays foreign exchange spot

Please show any caculations or formulas. If using excel, please show data. Please use a detailed exlination.

practice 3

Looking at yesterdays foreign exchange spot market prices in the Wall Street Journal you notice that 1.5300 U.S. dollars is equal to 1 British pound and that 1 British pound is equal to 1.3610 European euros. Under these conditions how many U.S. dollars would you need to buy 1 euro?

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