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What are the implied quote

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The following rates are quoted for euro in terms of US dollar and Australian dollar in New York: $/Euro=1.0750 A$/$=1.0250

(a) What are the implied quote for $ in terms of euro and for A$ in terms of $?

(b) What is the implied cross rate for Euro (cost of buying one Euro) in terms of A$ (A$/Euro)?

Reference no: EM131094134

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