1. Vinnie Schmidt, a student from Canada is travelling through United States to Mexico for Spring break. He needs to know how many Mexican pesos he will get for his Canadian dollar. Vinnie went to Bank of America and saw the following quotations: C$1 = $0.5340 and Pesol = $0.3500. a. How many pesos will Vinnie get for each of his Canadian dollar? b. If Vinnie wants to spend C$1500 in Mexico, how many pesos will he be spending? 2. Susan wants to go to Japan for a vacation during over Spring Break. She wants to spend $2,500 and have a great time. Assume that when Susan goes to her bank, Citibank quotes Susan two rates on Japanese yen: $0.0041/Yen and $0.0043/Yen. How much is the bank spread Susan has to pay to buy Japanese yen? 3. The cash manager at AmFlex Company needs to buy 1,000,000 British pounds to pay a British supplier. A currency broker quotes him a bid-ask rate of 0.4865 - 0.5116/US$. What will be the dollar cost of the 1,000,000 pounds? 1. Vinnie Schmidt, a student from Canada is travelling through United States to Mexico for Spring break. He needs to know how many Mexican pesos he will get for his Canadian dollar. Vinnie went to Bank of America and saw the following quotations: C$1 = $0.5340 and Pesol = $0.3500. a. How many pesos will Vinnie get for each of his Canadian dollar? b. If Vinnie wants to spend C$1500 in Mexico, how many pesos will he be spending? 2. Susan wants to go to Japan for a vacation during over Spring Break. She wants to spend $2,500 and have a great time. Assume that when Susan goes to her bank, Citibank quotes Susan two rates on Japanese yen: $0.0041/Yen and $0.0043/Yen. How much is the bank spread Susan has to pay to buy Japanese yen? 3. The cash manager at AmFlex Company needs to buy 1,000,000 British pounds to pay a British supplier. A currency broker quotes him a bid-ask rate of 0.4865 - 0.5116/US$. What will be the dollar cost of the 1,000,000 pounds