Other Assignment Details Show all working in assignment calculations. Please refer to the Course Outline for other details in relation to this assignment task. Question 1 (Total marks for this question = 3 marks) Calculate the indirect quotes for the following direct quotes : (a) S$1 is quoted at A$1.02. (1 mark) (b) HK$1 is quoted at A$0.16. (1 mark) (c) MYR 1 is quoted at A$0.34. (1 mark) Question 2 (Total marks for this question = 5 marks) Suppose that a commercial bank's current quote for transactions involving the United States dollar is A$1.3214 - A$1.3298. (a) State the ask and bid prices for the bank. (2 marks) (b) Calculate the bid/ask spread for the bank as a percentage. (3 marks) Question 3 (Total marks for this question = 5 marks) Suppose that the Canadian dollar is worth A$1.08 and the United States dollar is worth A$1.35. (a) Calculate the value of the Australian dollar against the Canadian dollar. (1 mark) (b) Using your answer to (a), calculate the cross exchange rate between the Canadian dollar and the United States dollar. (4 marks)