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How do I approach this question? You observe the following spot and forward bid-ask rates for the EUR/CAD and AUD/CAD exchange rates: Spot 30-day EUR2.2238-85/CAD

How do I approach this question?

You observe the following spot and forward bid-ask rates for the EUR/CAD and AUD/CAD exchange rates: Spot 30-day EUR2.2238-85/CAD 11-13 AUD1.2924-49/CAD 20-28 What is the outright bid price for the EUR cross-rate on 30-day forward Australian dollars? Select one: a. 1.7145 b. 1.7128 c. 1.7202 O d. 1.7351 O e. 2.8873

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