Wishes to trade out of euro and into japanese yen

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Reference no: EM131859623

Suppose a bank customer with €25,000,000 wishes to trade out of euro and into Japanese yen. The dollar-euro exchange rate is quoted as $1.62 = €1.00 and the dollar-yen exchange rate is quoted at $1.00 = ¥125. How many yen will the customer get?

Reference no: EM131859623

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