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5. Cross-Rates and Arbitrage [LO1] Suppose the Japanese yen exchange rate is F112=$1, and the British pound exchange rate is 1=$1.93. a. What is the

5. Cross-Rates and Arbitrage [LO1] Suppose the Japanese yen exchange rate is F112=$1, and the British pound exchange rate is 1=$1.93. a. What is the cross-rate in terms of yen per pound? b. Suppose the cross-rate is 179=1. Is there an arbitrage opportunity here? 18 there is, explain how to take advantage of the mispricing

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