How many yen would you receive for every peso exchanged

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Reference no: EM131594623

At today’s spot exchange rates 1 U.S. dollar can be exchanged for 9 Mexican pesos or for 11.23Japanese 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?

Reference no: EM131594623

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