Cross-rates and arbitrage the japanese yen jpy exchange


Cross-rates and arbitrage: The Japanese yen (JPY) exchange rate is 96 JPY = 1 USD, and the British pound (GBP) exchange rate is 1 GBP = 1.72 USD. Calculate the cross-rate in terms of yen per pound.

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Financial Management: Cross-rates and arbitrage the japanese yen jpy exchange
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