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1. Calculation of Cross-Rates. The spot rate of JPY with respect to GBP is 211.393 JPY/GBP. The spot rate of GBP/EUR is 0.7909. a. Compute

1. Calculation of Cross-Rates. The spot rate of JPY with respect to GBP is 211.393 JPY/GBP.

The spot rate of GBP/EUR is 0.7909. a. Compute the JPY/EUR cross-rate. b. Compute the EUR/JPY cross-rate.

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