9.

A NZ manufacturer earns receipts in EUR from exports to France. At the same time, the company imports component parts from Australia, incurring commitments in AUD. Rates across the three currencies may be quoted as:

USD/EUR 0.8521-0.8561
USD/AUD 1.3650-1.3690
NZD/USD 0.6856-0.6905

Calculate the NZD/EUR cross-rate for the bid and ask quotes.

Select one:

a. 0.8008-0.8104

b. 0.6640-0.6690

c. 0.5789-0.5798

d. 0.5842-0.5911

e. 0.5869-0.5884