Question
given thses two exchange rates, $1= 12.352 Mexican pesos and $1= 0.7729, compute the cross-rate between the Mexican peso and the Euro. State this exchange
given thses two exchange rates, $1= 12.352 Mexican pesos and $1= 0.7729, compute the cross-rate between the Mexican peso and the Euro. State this exchange rate in pesos and in Euros. ( Do not round intermediate calculations, round your answers to 4 decimal places.)
Cross rate of 1 peso ____
Cross rate of 1 euro______
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
