a) Use the information below to calculate the bid cross rate between C$ and in the "C$/ " format.

	Bid	Ask
Canadian Dollar	$0.7529	$0.7774
Euro	$1.1545	$1.1644

Answer Format: Keep four decimals; use the price currency as the unit. Example: 4.1234(C$) or 4.1234( )

b) An English business man just received 187,039 payment from a European company. He obtained currency quotes from his bank: 1.116/ -- 1.1256/. Estimate his cash flow.

Answer format: keep four decimal places; include the price currency only; do not use thousand separator. Example: 2122.1345 () or 2122.1345 ()

c) On May 1 of a certain year the pound to euro exchange rate was 0.1.1245/. On July 15 the exchange rate was 0.1.1298/ . Therefore during the two and half months period, euro appreciated against pound.

True or False

d) Suppose you obtained quotes for euro from your bank: $1.1265/ -- $1.1305/. Calculate the bid ask spread.

Answer format: use four decimals; do not report percentages. Example: 0.0011.