Assume that the indirect quote is for 115 Japanese yen per U.S.dollar and that the direct quote is for 1.25 U.S. dollars per euro.What is the yen per euro exchange rate? (143.75 yen per euro)

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter27: Multinational Financial Management
Section: Chapter Questions
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Assume that the indirect quote is for 115 Japanese yen per U.S.
dollar and that the direct quote is for 1.25 U.S. dollars per euro.
What is the yen per euro exchange rate? (143.75 yen per euro)

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