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suppose that the following exchange rates are current: 1 US$=61.42 indian rupees, 1 japanese yen=0.57 indian rupees, and 1 US$=107.5 japanese yen. a. calculate the
suppose that the following exchange rates are current: 1 US$=61.42 indian rupees, 1 japanese yen=0.57 indian rupees, and 1 US$=107.5 japanese yen.
a. calculate the shadow price between rupees and yen.
b. using $1000 and triangular currency arbitrage, make three trades and calculate the profit earned.
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A Guide To Auditing Programmes And Projects
Authors: Andrew Schuster, APM Assurance SIG
1st Edition
191330521X, 978-1913305215
