Question: Use the following table for the first two questions: U.S. $ equivalent Bid Ask Canadian dollar 0.8653 0.8667 Euro 1.4000 1.4200 2. What is the

Use the following table for the first two questions:

U.S. $ equivalent

Bid Ask

Canadian dollar 0.8653 0.8667

Euro 1.4000 1.4200

2. What is the ASK cross-exchange rate for Canadian dollars priced in euro? Hint: Find the price that a currency dealer will take in euro to sell Canadian dollars. In other words, how many Canadian dollars will you get if you convert your euro to Canadian dollar?

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