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Suppose you observe the following exchange rate quotations: USD1.00 = CAD1.27, NZD1.00 = USD0.66. Calculate the cross-exchange rate for CAD against ND, expressed in terms

Suppose you observe the following exchange rate quotations: USD1.00 = CAD1.27, NZD1.00 = USD0.66. Calculate the cross-exchange rate for CAD against ND, expressed in terms of S(CAD/NZD).

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