A currency trader observes that in the spot exchange market, one U.S. dollar can be exchanged for 10.875 Mexican pesos or for 6.205 Danish krone. What is the cross-exchange rate between the peso and the krone; that is, how many pesos would you receive for every krone exchanged?
a. 1.619 pesos/krone
b. 1.658 pesos/krone
c. 1.704 pesos/krone
d. 1.753 pesos/krone
e. 1.790 pesos/krone