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2.) a.) The direct bid rate for the CRE is $7.8345/CRE. The direct ask rate for the CRE is $7.8562/CRE.a.Calculate the indirect bid rate for
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a.) The direct bid rate for the CRE is $7.8345/CRE. The direct ask rate for the CRE is $7.8562/CRE.a.Calculate the indirect bid rate for the CRE. (Label the currencies)
b.Calculate the indirect ask rate for the CRE. (Label the currencies)
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
