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4. Use the table to complete following questions: 7a. How much $100 will cost you in Canadian Dollar and Euro? (Hint: you are buying USD).

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4. Use the table to complete following questions: 7a. How much $100 will cost you in Canadian Dollar and Euro? (Hint: you are buying USD). 7b. What are 3-week and 3-month forward bid and ask rate for Canadian Dollar and Euro? 7c. Based on information above, what are the profit margin for the traders between Canadian Dollar and Euro? (Hint: the bid-offer spread \% is the profit margin for dealers; you need to find the cross bid-offer rate between Canadian Dollar and Euro; use American Terms to show cross rate)

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