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What is the cross rate of the euro with respect to yen

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Reference no: EM133151188

Question -

a. Assume that a bank's bid rate on euro is $ 1.70, and its ask rate is $ 1.87. Its bid-ask percentage spread is?

b. Assume euro is worth $1.49 and the Japanese yen is worth $1.25. What is the cross rate of the euro with respect to yen? That is, how many yen equal a euro?

Reference no: EM133151188

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