A german firm is attempting to determine the europound, Finance Basics

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A german firm is attempting to determine the europound

A German firm is attempting to determine the euro/pound exchange rate and has the following exchange rate information: USD/pound = $1.5509/£ and the USD/euro rate = $1.2194/€. Therefore, the euro/pound rate must be: Choose one answer.

	a. £1.2719/€.
	b. €1.2719/£.
	c. €0.7316/£.
	d. €0.7863/£.

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Finance Basics: A german firm is attempting to determine the europound

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