Question
As a foreign exchange trader, you see the following quotes for Canadian dollars (CAD) and Mexican pesos (MXN): USD 0.77 per CAD MXN20.35 per USD
As a foreign exchange trader, you see the following quotes for Canadian dollars (CAD) and Mexican pesos (MXN): USD 0.77 per CAD MXN20.35 per USD
What should be the cross rate in terms of pesos per Canadian dollar if no arbitrage profits are available?
a.13.2456 b. 15.6695 c. 18.3756 d. 26.4286
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
