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The Bloomberg website provides quotations in foreign exchange markets. Its address is www.bloomberg.com. Use this web page to determine the cross exchange rate between the

The Bloomberg website provides quotations in foreign exchange markets. Its address is www.bloomberg.com. Use this web page to determine the cross exchange rate between the Canadian dollar and the Japanese yen. Notice that the value of the pound (in dollars) and the value of the yen (in dollars) are also disclosed. Based on these values, is the cross rate between the Canadian dollar and the yen what you expected it to be? Explain.

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