You have an opportunity to buy 250 Canadian dollars with 100 British pounds. Which one of the following statements is correct given the following exchange rates? Assume you start out with 100 British pounds. 
A) You can earn a profit of C$1.06.
B) You can earn a profit of 4.72.
C) You can earn a profit of C$14.86.
D) You can earn a profit of 9.85.
E) You cannot earn a profit given the current exchange rates.
Correct Answer:
Verified
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