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You are given the following two quotes for the euro () and the british pound (): USDEUR=0.85, GPBUSD=$1:60. What is the theoretically correct cross exchange
You are given the following two quotes for the euro () and the british pound (): USDEUR=0.85, GPBUSD=$1:60. What is the theoretically correct cross exchange rate cross rate for the currency pair GBPEUR? / ( per ), that is, the no-triangular-arbitrage $ O A) 0.7352 per B) 1.3600 per OC) 1.4065 per OD) 1.4589 per
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