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(e) If the Japanese yen is quoted at US $1=JPY114, and US$1 =C$1.26. Calculate what is the price of yen in Canadian dollars (both direct

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(e) If the Japanese yen is quoted at US $1=JPY114, and US\$1 =C$1.26. Calculate what is the price of yen in Canadian dollars (both direct and indirect quotations)? (C3, CLO1) 10 marks]

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