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A dealer is quoting the following exchange rates: SBRL/$ Bid BRL5.2500/$ SF1.0000/$ Ask BRL5.5000/$ SF1.2500/$ SSF/$ A multinational company asks the dealer for the bid
A dealer is quoting the following exchange rates: SBRL/$ Bid BRL5.2500/$ SF1.0000/$ Ask BRL5.5000/$ SF1.2500/$ SSF/$ A multinational company asks the dealer for the bid and ask quotes of the cross exchange rate, SBRL/SF. How much is the ask quote of SBRL/SF the dealer should give the multinational company? Round your answer to four decimal places
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