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The spot exchange rate between US dollar and Canadian dollar is $0.75/C$. The spot exchange rate between US dollar and British pound is $1.5/. The
The spot exchange rate between US dollar and Canadian dollar is $0.75/C$. The spot exchange rate between US dollar and British pound is $1.5/. The implied cross rate between Canadian dollar and British pound (i.e. C$/) is then
a. C$2.000/.
b. C$1.125/.
c. C$0.889/.
d. C$0.500/.
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