25) Assume that Russia's currency (the ruble) is worth $.0097 and the Japanese yen is worth 5.0087 What is the cross-exchange rate of the ruble with respect to the yen? That is, how many yen equal a ruble? (answer in four decimal places) Answer: 26) Today you notice the following exchange rate quotations: $1 is equal to 21.60 Mexican pesos and 1 Mexican peso = 0.0615 Canadian dollars. You need to purchase 100,000 Canadian dollars with U.S. dollars. How many U.S. dollars will you need for your purchase? Answer: 27) Assume the spot rate of the British pound is $1.30. The expected spot rate one year from now is assumed to be $1.24. What percentage depreciation does this reflect? Answer: 28) Assume the Israeli shekel is equal to $.312 and the Mexican peso is equal to 50.048. The value of the Mexican peso in Israeli Shekel is _ Israeli shekels. Answer -x.648 Ishebel ).312 I peso = 3.048.312 (poso = .1538 29) A Japanese yen is worth $.0087, and a Polish zloty is worth $2383. What is the value of the yen in Polish zloty (.e. how many Polish zloty do you need to buy a yen)? Answer: 30) Assume that a bank's bid rate on Japanese yen is $.0042 and its ask rate is $.0045. Its bid-ask percentage spread is: Bid .0092 .0045-0042 6.66% Answer: .0045 Ash,0045 .0003 .0095 .0666666667