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4.(20pt) In spot market, we have following quotations: S(w/$) = 1200, S(/$) = 1.2, S(W/) = 800 = = The cross-rate (W/) should be (

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4.(20pt) In spot market, we have following quotations: S(w/$) = 1200, S(/$) = 1.2, S(W/) = 800 = = The cross-rate (W/) should be ( ). If a free lunch is possible, how would you proceed

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