Integrated Excel Problem $11-01$

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Suppose the direct foreign exchange rates in U$.$S$.$ dollars are

$1$ British Pound $1\mathrm{.}35$

$1$ Canadian dollar $,0\mathrm{.}79$

Required:

a$.$ What are the indirect exchange rates for the British pound and the Canadian dollar?

Note: Round your final answers to $4$ decimal places.

b$.$ How many pounds must a British company pay to purchase goods costing $$8,000$ from a U$.$S$.$ company?

Note: Do not round intermediate calculations.

c$.$ How many U$.$S$.$ dollars must be paid for a purchase costing $4,000$ Canadian dollars?

Note: Do not round intermediate calculations.

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