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1) Bid and Ask quotes for the Euro (EUR) and Canadian Dollar (CAD) are given below: USD 0.74250.7439/CAD and EUR 0.88850.8898/ USD Calculate the bid

1) Bid and Ask quotes for the Euro (EUR) and Canadian Dollar (CAD) are given below: USD 0.74250.7439/CAD and EUR 0.88850.8898/ USD Calculate the bid and ask cross rates: S(EUR/bid CAD) and S(EUR/ask CAD)

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