Question
GameCrash, Inc., an electronic games manufacturer, is planning to purchase CD from one of two sources. Syoto, Inc., quotes a price of 6,833 per CD.
GameCrash, Inc., an electronic games manufacturer, is planning to purchase CD from one of two sources. Syoto, Inc., quotes a price of 6,833 per CD. The current exchange rate is 124.92/$. Another Japanese manufacturer offers to supply the same CD at a price of 58.93 per CD. The spot rate available is 136.41/. Compute the cross rate between the euro and the dollar.
The correct answer should be 1.09
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Fundamentals Of Financial Management
Authors: James C. Van Horne
10th Edition
0138596875, 978-0138596873
