c. On your post-graduation celebratory trip, you are leaving Copenhagen, Denmark for St. Petersburg, Russia. Denmark's currency is the krone (Denmark, although an EU member, is not a participant in the euro itself, but rather maintains a managed rate against the euro.) You leave Copenhagen with 10,000 Danish kroner still in your wallet. Wanting to exchange all of these for Russian rubles, you obtain the following quotes. Assumptions Beginning your trip with Danish kroner Spot rate (Dkr/$) Spot rate (Rubles/S) Values 10.000.00 8.5515 29.070 a) Calculate the cross rate Cross rate (Dkr/Ruble) b) What would be the proceeds in Rubles? Converting your Danish Krone into Rubles