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The Sydney and Frankfurt exchanges quote the following AUD exchange rates: AUD/EUR =0.59 and AUD/CAD=0.97. If there are no arbitrage opportunities, what CAD/EUR exchange rate

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The Sydney and Frankfurt exchanges quote the following AUD exchange rates: AUD/EUR =0.59 and AUD/CAD=0.97. If there are no arbitrage opportunities, what CAD/EUR exchange rate should the Toronto exchange quote? a. 1.7473 b. 1.6441 c. 0.6082 d. 0.5723 Your answer is correct. The correct answers are: 0.6082,0.5723,1.7473,1.6441

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