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Q1 (20 marks) Canadian- Currency per US $ Equivalent Swiss (franse) 0.9377 1.06644 Hong Kong (HK$) 0.1731 5.77701 Brazil (Real) 0.5858 1.70707 1) Compute with

Q1 (20 marks) Canadian- Currency per US $ Equivalent Swiss (franse) 0.9377 1.06644 Hong Kong (HK$) 0.1731 5.77701 Brazil (Real) 0.5858 1.70707 1) Compute with all the steps of buying one Brazilian Real by using Swiss franc. 2) Comment on the nature of the trade

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