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papahomer papahomer
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7 years ago
A foreign exchange dealer in New York posts an ask price of .01468 for Indian rupees and a bid price of .01470. What is the dealer's profit on the simultaneous purchase and sale of 1 million rupees?
A) $20 profit
B) ($20 )loss
C) $200 profit
D) ($2) loss
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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vanrheevanrhee
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7 years ago
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