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Need help with #6 (1) get the quote for USD and CAD 1.3169 (2) get the quote for USD and JPY 103.7 (3) find the
Need help with #6
(1) get the quote for USD and CAD
1.3169
(2) get the quote for USD and JPY
103.7
(3) find the cross rate based on the two quotes from (1) and (2)
78.7455
(4) get the actual quote for CAD and JPY
78.7081
(5) Answer the question: Based on the values, is the cross rate between the CAD and JPY what you expected to be (e.g., what you find from step 3 above, which is the theoretical cross rate that prevents arbitrage opportunities)? Explain.
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