Question: S 0 = $1.2151/ S 0 = 0.7371/$ S 0 = $1.3567/ Where: S = spot price = euro; = British pound; A London dealer

S₀ = $1.2151/ S₀ = 0.7371/$ S₀ = $1.3567/

Where: S = spot price = euro; = British pound;

A London dealer banks current bid/ask quotes for the U.S. dollar are 0.7530/$ and 0.7880/$. If you want to sell 25,000,000 to that dealer, how many dollars would you receive?

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