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If the direct price of the dollar is DM2.5 in 1990 Frankfurt and transaction costs were .4% of the amount transacted, then the minimum‑ maximum direct quotes for the DM in New York were:a) $.3968‑4032 b) $2.4800‑2.5200c) $.3984‑.4016d) $2.4900‑2.5100
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