Question: If the reported exchange rate between the U.S. dollar and the Canadian dollar on a given day is CS1.2420/$ and it is changed to C$1.2380/$

If the reported exchange rate between the U.S. dollar and the Canadian dollar on a given day is CS1.2420/$ and it is changed to C$1.2380/$ after 10 days, what is the (annualized) percentage appreciation of $ against CS and the (annualized) percentage depreciation of C$ against $ over the period. (8 points)

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