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Use the following information to answer the next two questions. Suppose the spot quote for pesos in terms of Canadian dollars is C$. 1215-25 and

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Use the following information to answer the next two questions. Suppose the spot quote for pesos in terms of Canadian dollars is C$. 1215-25 and the spot quote for US dollars in terms of Canadian dollars is C$.9855-64. What is the bid quote for pesos in terms of US dollars? Round intermediate calculations to four decimal places. $.1243 O $.1232 $.1242 O $.1233 None of the above

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