Question
The bid and ask quotes for the spot rate of the pound is $1.60 to $1.62 and for the spot rate of the Canadian dollar
The bid and ask quotes for the spot rate of the pound is $1.60 to $1.62 and for the spot rate of the Canadian dollar is $0.65 to $0.69. What is the Pound/C$ cross rate?
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
