An investor is examining exchange rates in London and New York. For simplicity, all rates are quoted versus the U.S. dol

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An investor is examining exchange rates in London and New York.For simplicity, all rates are quoted versus the U.S. dollar. In NewYork: the British pound rate is $1.35, the euro rate is $0.98, theCanadian dollar rate is 1.34 Canadian dollar, and the Yen rate is117 Yen.
In London: the British pound rate is $1.38, the euro rate is$0.95, the Canadian dollar rate is 1.31 Canadian dollar, and theYen rate is 115 Yen.
What is the Canadian dollar/British pound cross rate inLondon?
1.808
1.809
0.5532
0.5528
An investor is examining exchange rates in London and New York.For simplicity, all rates are quoted versus the U.S. dollar. In NewYork: the British pound rate is $1.35, the euro rate is $0.98, theCanadian dollar rate is 1.34 Canadian dollar, and the Yen rate is117 Yen.
In London: the British pound rate is $1.38, the euro rate is$0.95, the Canadian dollar rate is 1.31 Canadian dollar, and theYen rate is 115 Yen.
In London, the forward rate for the pound is $1.36. What shouldan American firm do with an asset in Britain?
lag the conversion to the dollar
lag the conversion to the pound
lead the conversion to the dollar
lead the conversion to the pound