Solved: Charlie is a currency trader and has in inventory 125000, Finance Basics

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Charlie is a currency trader and has in inventory 125000

Charlie is a currency trader and has in inventory 125000 Euros that he purchased for $1.17 per Euro. The Euro is now trading at $1.40. What is Charlie's profit or loss on this currency trade?

Place your answer in numbers of dollars of profit or loss.

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Finance Basics: Charlie is a currency trader and has in inventory 125000

Reference No:- TGS01721112

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Finance Basics: Charlie is a currency trader and has in inventory 125000

Reference No:- TGS01721112

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