Use the following information to answer this question.

The South African rand (ZAR) to US dollar exchange rate is quoted at Bank A as ZAR 18.10=1 USD.

The Canadian dollar (CAD) to US dollar exchange rate is quoted at Bank B as CAD 1.34= 1 USD.

You learn that Bank C is making a direct market between the rand and Canadian dollar, with a current ZAR/CAD quote of 13 ZAR = 1 CAD

The ZAR/CAD implied cross rate computed from this information is:

_______ ZAR = 1 CAD

In your calculations, use all of the decimal places provided. In your final answer, round to two decimal places.

Use the following information to answer this question. The South African rand (ZAR) to US dollar exchange rate is quoted at Bank A as ZAR 18.10=1 USD. The Canadian dollar (CAD) to US dollar exchange rate is quoted at Bank B as CAD 1.34=1 USD. You learn that Bank C is making a direct market between the rand and Canadian dollar, with a current ZAR/CAD quote of 13 ZAR =1CAD The ZAR/CAD implied cross rate computed from this information is: ZAR=1CAD In your calculations, use all of the decimal places provided. In your final answer, round to two decimal places