Suppose the spot quotes for the japanese yen and euros are


Use the following information to answer the next two questions. Suppose the spot quotes for the Japanese yen and euros are $.0073-81 and $1.125-45, respectively.

1. What is the ask quote for yen in terms of euros? Round intermediate calculations to four decimal places.

2. Find the bid quote for euros in terms of yen. Round intermediate steps and your final answer to four decimals.

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Financial Management: Suppose the spot quotes for the japanese yen and euros are
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