What is the greatest amount of francs that citigroup can get

Reference no: EM13242664

Citigroup has a £10 million deposit in the U.K. that they wish to convert to Swiss francs (Sfr). UBS is willing to switch the pounds to francs at a rate of 2.32 Sfrs per pound. Deutsche Bank will accept £0.43 per franc. Based on these quotes, what is the greatest amount of francs that Citigroup can get for its £10 million?

Reference no: EM13242664

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