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Suppose the exchange rate between U.S. dollars and Japanese yen is $1 US = yensign 80.5 JPY, and the exchange rate between the U.S. dollar and the British pound is $1 US = pound 0.61 GBP. What is the cross rate of Japanese yen to British pounds? (In other words, how many yen are needed to purchase 1 pound?)

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Financial Management, Finance

Category:- Financial Management
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