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Assume that 1 unit of Currency Y costs 0.50 units of Currency X, 1 unit of Currency Z costs 7.97 units of Currency Y, and
Assume that 1 unit of Currency Y costs 0.50 units of Currency X, 1 unit of Currency Z costs 7.97 units of Currency Y, and 1 unit of Currency Z costs 3.96 units of Currency X. By what percent is Currency Z mispriced relative to Currency Y? If Z is overpriced, type a positive number and if Currency Z in underpriced, type a negative number. Go out four decimals - for example, if Z is underpriced by 2.25%, type -.0225.
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