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Calculate the implied cross-rate between appleland

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Reference no: EM132770217

Problem 1: Today, the exchange rate between the US dollar and Appleland's currency is $1.0000=AAA7.834, and between the US dollar and Bananaland's currency is $0.8999=BBB1. Calculate the implied cross-rate between Appleland's and Bananaland's currencies, expressed as the amount of BBB per one unit of AAA.

Reference no: EM132770217

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