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19-1.) If British pounds sell for $1.30 (U.S.) per pound, what should dollars sell for in...

19-1.) If British pounds sell for $1.30 (U.S.) per pound, what should dollars sell for in pounds per dollar?

19-2.) A currency trader observes that in the spot exchange market, 1 U.S. dollar can be exchanged for 3.58 Israeli shekels or for 109 Japanese yen. What is the cross-exchange rate between the yen and the shekel; that is, how many yen woukd you receive fkr every shekel exchanged?

19-3.) Six-month T-bills have a nominal rate of 2%, while default-free Japanses bonds that mature in 6 months have a noninal rate of 1.25%. in the spot exchange market, 1 yen equals $0.0091. If interest rate parity holds, what is the 6-month forward exchange rate?

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