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Frederic recently sold his units in a US dollar denominated mutual fund. he wants to convert the proceeds back to Canadian dollars. if he received

Frederic recently sold his units in a US dollar denominated mutual fund. he wants to convert the proceeds back to Canadian dollars. if he received proceeds of $1200 USD from sale and the exchange rate is $1 CAD for $0.99 USD, how much frederic receive in Canadian dollars?

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