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What profit or loss did the investor make

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Question - Assume that an investor purchased 200,000,000 Japanese yen in New York at an exchange rate of 113 yen to the dollar and simultaneously sold the yen in Tokyo at an exchange rate of 111 Japanese yen to the dollar. Further assume that there was no cost associated with this transaction. What profit or loss did the investor make?

Reference no: EM133106933

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