Find the bid quote for euros in terms of yen

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Reference no: EM131449143

Use the following information to answer the next two questions. Suppose the spot quotes for the Japanese yen and euros are $.0073-81 and $1.125-45, respectively.

i) What is the ask quote for yen in terms of euros? Round intermediate calculations to four decimal places. .0072 .0064 .0065 .0071

ii) Find the bid quote for euros in terms of yen. Round intermediate steps and your final answer to four decimals. Do not use non-numeric characters when entering your answer.

Reference no: EM131449143

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