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The foreign exchange department of Bank of America has a bid quote on Canadian dollars (C$) of C$0.9072/$. If the bank typically ries to make
The foreign exchange department of Bank of America has a bid quote on Canadian dollars (C\$) of C$0.9072/$. If the bank typically ries to make a bid-ask spread of 0.5 percent on these foreign exchange transactions, what will the ask rate have to be? (Round answer o 2 decimal places, e.g. 52.75.) The ask rate has to be C$ 1$
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