Question: Refer to Exhibit 6-1 and using the information provided, can you determine the cross spot rate (i.e., a rate computed from two other exchange rates)

Refer to Exhibit 6-1 and using the information provided, can you determine the cross spot rate (i.e., a rate computed from two other exchange rates) between the euro and the British pound?

EXHIBIT 6-1 Sample of Spot and Forward Foreign Exchange Quotes Foreign Currency in Dollars Dollars in Foreign Currency Currency Bid 1.9585 1.9574 1.9578 1.9576 1.3251 1.3261 1.3297 1.3343 Ask Bid Ask British pound 1 month 3 months 6 months EU euro 1 month 3 months 6 months Japanese yen 1 month 3 months 6 months 1.9590 1.9598 1.9604 1.9604 1.3256 1.3279 1.3310 1.3361 5105 5102 5101 5101 7546 7540 7520 7494 5104 5109 .5108 5108 7543 7530 7513 7484 008557 008590 008660 008760 8321 8347 8390 8455 0085535 008600 008660 008760 8318 8353 .8397 8462 116.86 116.41 115.47 114.15 116.91 116.27 115.47 114.15 wiss franc 1 month 3 months 6 months 1.2017 1.1971 1.1909 1.1817 1.2022 1.1980 1.1918 1.1827

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