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27. A currency trader observes the following quotes in the spot market: 122 Japanese yen= 1 U.S. dollar 2.25 Swiss Francs= 1 British pound 1

27. A currency trader observes the following quotes in the spot market: 122 Japanese yen= 1 U.S. dollar 2.25 Swiss Francs= 1 British pound 1 British pound= 1.65 U.S. dollars Given this information, what is the exchange rate between the Swiss Franc (SwF) and the Japanese Yen?

a. 87.903 yen/SwF

b. 88.837 yen/SwF

c. 89.467 yen/SwF

d. 90.863 yen/SwF

e. 91.429 yen/SwF

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