regb5041 regb5041
  • 14-03-2024
  • Business
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Suppose that in the market the following exchange rates are traded:
1 Kr = $0.121
£ = $1.22
An investment bank is willing to buy 1 £ in exchange for 12 Kr, or 1 £ = Kr 12. Is this a fair price?
A) Yes
B) No

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