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Suppose the Japanese yen exchange rate is ¥83 = $1, and the British pound exchange rate is £1 = $1.51.
a. What is the cross-rate in terms of yen per pound? (Round your answer to 2 decimal places, e.g., 32.16.)
Cross-rate ¥/£
b. Suppose the cross-rate is ¥131 = £1. What is the arbitrage profit per dollar used? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)
What interest rate is the bank required by law to report to potential borrowers?
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Suppose that, in each period, the cost of a security either goes up by a factor of 2 or goes down by a factor of 1/2 (i.e.,u= 2, d= 1/2). If the initial price of the security is 100, determine the no-arbitrage cost of a call option to purchasse the s..
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