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QUESTION 12 Find the no-arbitrage cross exchange rate. The US dollar-euro exchange rate is USD1.00/EUR and the Japanese yen-U.S. dollar exchange rate is JPY100/USD. JPY100EUR

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QUESTION 12 Find the no-arbitrage cross exchange rate. The US dollar-euro exchange rate is USD1.00/EUR and the Japanese yen-U.S. dollar exchange rate is JPY100/USD. JPY100EUR EURO.01/JPY JPY100/EUR and EURO.01/JPY None of the answers is correct

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