Compute the bid and offer for the NZD against the CAD from the following rates of exchange.
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Compute the bid and offer for the NZD against the CAD from the following rates of exchange. In other words, construct a NZD/CAD two-way cross rate. Here, both the NZD and the CAD are reported as commodity currencies, expressed in terms of the USD, which makes the problem a little more challenging.
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Davinder Kumar
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Related Book For 
Financial Modeling For Managers With Excel Applications
ISBN: 9780970333315
2nd Edition
Authors: Dawn E. Lorimer, Charles R. Rayhorn
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