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1. Assume the Won/Dollar exchange rate is ₩1195/$.  The Won/Euro exchange rate is ₩1439/€.  You observe a dollar/euro...

1. Assume the Won/Dollar exchange rate is ₩1195/$.  The Won/Euro exchange rate is ₩1439/€.  You observe a dollar/euro exchange rate of $1.185/€in the market.  Determine what the $/€ exchange rate should be (show the calculation!) and show/explain how you would make money if there is a mispricing.

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WoN 1439 ¥ fate but %/e at in Market. S1-185/E buy 1毛giviw1 1./85 and sell at 1 2 0L19 o, Po4 that coold be Made

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1. Assume the Won/Dollar exchange rate is ₩1195/$.  The Won/Euro exchange rate is ₩1439/€.  You observe a dollar/euro...
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