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The spot rate between the US dollar and the Canadian dollar is CAD1.3124/USD. If an international bank wants to buy CAD5,000,000, the USD cost
The spot rate between the US dollar and the Canadian dollar is CAD1.3124/USD. If an international bank wants to buy CAD5,000,000, the USD cost would be __; on the other hand, if the bank wants to take a USD4,000,000 position in CAD, the amount of CAD acquired would be O USD3,809,814; CAD3,047,851 O USD6,562,000; CAD5,249,600 O USD3,809,814; CAD5,249,600 O USD6,562,000; CAD3,047,851
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Introduction to Finance Markets Investments and Financial Management
Authors: Melicher Ronald, Norton Edgar
15th edition
9781118800720, 1118492676, 1118800729, 978-1118492673
