Question
A bank in London, Ontario has a buying rate of CHF 1 = C$1.2851. If the exchange rate is CHF 1 = C$1.3145, calculate the
A bank in London, Ontario has a buying rate of CHF 1 = C$1.2851. If the exchange rate is CHF 1 = C$1.3145, calculate the rate of commission that the bank charges. Round to two decimal places.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
6th Edition
0201538997, 978-0201538991
