A US firm has an Account Receivable from a contract delivered to a firm in Canada. It is expecting to receive payment of C$1 million in a year. What is the bankable value of their account receivable if they took it to a money market bank and "factored" or borrowed against it? Answer first in C$ to 0 decimal places (without $ or C$ signs).

answer the same question as above but giving the US$ value that the bank would return

Cross Exchange Spot Rates with spreads: NB Canadian Dollar to/from Yen is nunted in Vonice In addition to the information above, you are given these money market rates in three currencies with spreads at which a bank will take deposits and make loans