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If you could help me figure out cross rates I am so confused. keep getting this wrong. Can you explain and show work? thank you!One peso is worth 8.20 pound and 1.42 euro. One euro is worth 6.31 pound. Which statement is most consistent with the triangle arbitrage equilibrium condition? Selected Answer: the peso is overvalued relative to the pound Answers: the peso is overvalued relative to the pound the euro is undervalued relative to the pound Two choices, A and B, are correct None of the A-8-C choices are correct

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