If the price of copper in Europe is €2.22 per ounce, what is the expected price of copper in the United States if the spot exchange rate is $1 = €0.7802?
A) $3.0002 per ounce
B) $3.514 per ounce
C) $1.7320 per ounce
D) $2.8454 per ounce
Correct Answer:
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