Compute what is cross rate between the yen and the peso

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Cross Rates

Problem 1: At today's spot exchange rates 1 U.S. dollar can be exchanged for 9 Mexican pesos or for 110.99 Japanese yen. You have pesos that you would like to exchange for yen. What is the cross rate between the yen and the peso; that is, how many yen would you receive for every peso exchanged? Do not round intermediate calculations. Round answer to two decimal places.

Reference no: EM132722384

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