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When you use the cross-exchange rate to verify the triangular arbitrage, how do you determine which currency is overpriced? 2. When you use IRP to

When you use the cross-exchange rate to verify the triangular arbitrage, how do you determine which currency is overpriced?

2. When you use IRP to verify CIA, how do you determine CIA is feasible for home (U.S.) investors or foreign investors? Why?

3. What are the most difficult issues in determining realignments?

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