The foreign exchange department of Bank of America has a bid quote on Canadian dollars (C$) of C$0.9504/$. If the bank typically tries 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 to 2 decimal places, e.g. 52.75.)

The ask rate has to be C$enter the ask rate rounded to 2 decimal places / $