Question
At today's spot exchange rates 1 U.S. dollar can be exchanged for 9 Mexican pesos or for 111.31 Japanese yen. You have pesos that you
At today's spot exchange rates 1 U.S. dollar can be exchanged for 9 Mexican pesos or for 111.31 Japanese yen. You have pesos that you would like to exchange for yen. What is the cross rate between the yen and the peso; that is, how many yen would you receive for every peso exchanged? Round your answer to two decimal places.
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Technical Analysis The Complete Resource for Financial Market Technicians
Authors: Charles D. Kirkpatrick, Julie R. Dahlquist
1st edition
134137043, 134137049, 978-0131531130
