How much profit per fine ounce can be earned by shipping, Financial Management

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How much profit per fine ounce can be earned by shipping

The U.S. standard is $25.00 per fine ounce of gold. The U.K. Standard is £5.00 per fine ounce of gold. Transatlantic shipping costs are $0.75 per fine ounce of gold. The spot rate is $4.80 /£ 1.00. How much profit per fine ounce can be earned by shipping gold from New York to London?

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