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A bank in London, Ontario has a buying rate of CHF 1 = C$1.3469. If the exchange rate is CHF 1 = C$1.3763, calculate the

A bank in London, Ontario has a buying rate of CHF 1 = C$1.3469. If the exchange rate is CHF 1 = C$1.3763, calculate the rate of commission that the bank charges.

Round to two decimal places

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