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(Querist)
30 October 2008 Question2:The price of the pound sterling was quoted at $1.80 in New York and on the same date the DM spot rate was quoted at $0.40.
(i)What would you expect the price of the pound to be in Germany?
(ii)If the pound was quoted in Frankfurt at DM 4.40/pound, what would you do to profit from the situation?
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SUBRAHMANYA SRINIVAS M.V.

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SUBRAHMANYA SRINIVAS M.V. (Querist)
30 October 2008 Please give the answer to the above problem.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
31 October 2008 Is Germany not adopting Euro?
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