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6 * . As a foreign exchange trader at U . S . Bank, one of your Canadian customers would like a euro ( )

6*. As a foreign exchange trader at U.S. Bank, one of your Canadian customers would like a euro () quote on Canadian dollar (CAD). Given the current market rates in the following table:
a). What bid and ask cross rates would you quote on spot CAD : S(CAD)?
b). What is the bid-ask spread on euro CAD?
\table[[Rate,Bid,Ask],[S(CAD$),S(CAD1.3090$bid),S(CAD1.3980$ask)
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