Question
If the Japanese yen (JPY) per US dollar (USD) has a bid price at 119.25 and ask price at 119.65 and the Australian dollar (AUD)
If the Japanese yen (JPY) per US dollar (USD) has a bid price at 119.25 and ask price at 119.65 and the Australian dollar (AUD) per USD has a bid of $1.0485 and ask of $1.0535, then the rate at which the market would sell JPY and buy AUD is:
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Quantitative Financial Analytics The Path To Investment Profits
Authors: Edward E Williams, John A Dobelman
1st Edition
9813224258, 978-9813224254
