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Problem 1-3 (book/static) Question Help Isaac Diez of Brazil. Isaac Diez Peris lives in Rio de Janeiro, Brazil. While attending school in Spain, he meets

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Problem 1-3 (book/static) Question Help Isaac Diez of Brazil. Isaac Diez Peris lives in Rio de Janeiro, Brazil. While attending school in Spain, he meets Juan Carlos Cordero from Guatemala. Over the summer holiday, Isaac decides to visit Juan Carlos in Guatemala City for a couple of weeks. Isaac's parents give him some spending money. 4,500 Brazilian real (BRL) Isaac wants to exchange his Brazilian real for Guatemalan quetzal (GTQ) He collects the following rates: Spot rate on the GTQIEUR: GTQ 10.5799 = EUR 1.00 Spot rate on the EUR/BRL: EUR 0.4462 - BRL 1.00 a. What is the Brazilian real/Guatemalan Quetzal cross rate? The cross rate between the Brazilian real and the Guatemalan Quetzal is (Round to four decimal places.)

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