Question: Instructions: Please show all your work. Answers only without any evidence of your work will receive zero credit. 1) Bid and Ask quotes for the

Instructions: Please show all your work. Answers only without any evidence of your work will receive zero credit. 1) Bid and Ask quotes for the Canadian Dollar (CAD) and Australian Dollar (AUD) ar given below: USD 0.7487- 0.7525/CAD USD 0.7105 -0.7195/ AUD Calculate the bid and ask cross rates for the CAD priced in AUD terms: S (AUD/bid CAD) and S (AUD/ask CAD)

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