Suppose the japanese yen exchange rate is yen89 5 1 and the


Suppose the Japanese yen exchange rate is ¥89 5 $1, and the British pound exchange rate is £1 5 $1.62.

a. What is the cross-rate in terms of yen per pound?

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Financial Management: Suppose the japanese yen exchange rate is yen89 5 1 and the
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