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Find profit-loss in terms of dollars

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Two months ago, you decided to purchase 500,000 pounds at a spot rate of £=$1.045-60. You sold all of your pounds today at the going spot rate of $= £.965-74. Find your profit/loss in terms of dollars.

  • 4031.10
  • -16,652.98
  • 15,301.89
  • -11865.29

Reference no: EM132245189

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