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2. Use the following information to answer the questions: (4 points) American Terms Bid Ask Bank Quotation New Zealand Dollar Singapore Dollar 0.7272 0.7265 0.6135

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2. Use the following information to answer the questions: (4 points) American Terms Bid Ask Bank Quotation New Zealand Dollar Singapore Dollar 0.7272 0.7265 0.6135 a. Find the Singapore Dollar Ask rate, given the spread is 0.81%. b. Find the European terms Bid-Ask rate of New Zealand Dollars

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