Determine the euro-pound exchange rate

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Reference no: EM131079724

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/£.

Reference no: EM131079724

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