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If Given, USD-JPY 104.9400 USD-CAD 1.3304 1. Find the cross rate between CAD and JPY...? 2. Find the USD/JPY and USD/CAD....? 3. Based on rate

If Given,

USD-JPY 104.9400

USD-CAD 1.3304

1. Find the cross rate between CAD and JPY...?

2. Find the USD/JPY and USD/CAD....?

3. Based on rate above, is the cross rate between CAD and JPY what you expected it to be? ( We learned about triabgular arbitrage, and we know that most of the time triangular arbitrage is not feasible because if it is, market force will be at work to correct it)

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