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Stephen sold US$80 to a bank when the exchange rate was C$1 = US$0.9323. The bank charged him a commission of 0.20%. a. What is
Stephen sold US$80 to a bank when the exchange rate was C$1 = US$0.9323. The bank charged him a commission of 0.20%. a. What is the value of US$80 in C$? $85.81 Round to the nearest cent 4 b. How many Canadian dollars did he receive from the bank for US$80? $0.00 Round to the nearest cent >
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
