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What is the russian ruble-yen cross rate

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Reference no: EM132998724

As an up-and-coming manager at BP (UK), you were anxiously anticipating the offer of another assignment abroad and you were reassigned and deployed from Stark to BP's Japanese subsidiary. You have been given 400,000 rubles to offset some of your expenses. In preparation for the trip, you want to exchange your Russian rubles for Japanese yen, so you get the following quotes:

Spot rate on the rubles/dollar cross rate= Rbl 32.80/$

Spot rate on the yen/dollar cross rate = ¥80.20/$

a. What is the Russian ruble/yen cross rate?

b. How many yen will you obtain for your rubles?

Reference no: EM132998724

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