Moscow to Tokyo. After spending a week in Moscow you get an email from your friend in
Question:
Moscow to Tokyo. After spending a week in Moscow you get an email from your friend in Japan. He can get you a very good deal on a plane ticket and wants you to meet him in Tokyo next week to continue your post-graduation celebratory trip. You have 450,000 rubles left in your money pouch. In preparation for the trip you want to exchange your Russian rubles for Japanese yen so you get the following quotes:
Spot rate on the rubles/dollar cross rate 30.96/$
Spot rate on the yen/dollar cross rate ¥84.02/$
a. What is the Russian ruble/yen cross rate?
b. How many yen will you obtain for your rubles?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Multinational Finance
ISBN: 9781292215211
6th Global Edition
Authors: Michael Moffett
Question Posted: