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solve as soon as possible Robert purchased US$10,000 from a bank in America, which charged her a commission of 0.8%, and sold the US dollars
solve as soon as possible
Robert purchased US\$10,000 from a bank in America, which charged her a commission of 0.8%, and sold the US dollars to a bank in Canada, which charged her a 0.24% commission. How much money did she lose or gain? Assume that the exchange rate was C$1= US $0.8993. C\$ Round to the nearest cent Answer as positive is there was a gain, and negative if there was a lossStep by Step Solution
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Understanding Financial Risk Management
Authors: Angelo Corelli
1st Edition
0415746183, 978-0415746182
