Question $38$ of $50$

$840-$ft containers said to contain computers and computer accessories.

Invoice value of the goods: CAD $$200,000\mathrm{.}00$

Ocean freight Montr$$al$-$Hamburg per container: US $$750\mathrm{.}00$

Pre$-$carriage Toronto to Montreal all in$,$ per container: CAD $$200\mathrm{.}00$

All risk marine premium rate: $0\mathrm{.}45\%$

Exchange rate: US $$1\mathrm{.}00=$ CAD $$1\mathrm{.}10$

Based on your previous calculation, what is the insurance premium $($the amount paid for insurance$)$ on this cargo? Select one answer.

CAD $$936\mathrm{.}90$

CAD $$1,035\mathrm{.}23$

CAD $$1,037\mathrm{.}22$

CAD $$2,300\mathrm{.}51$