Question

Use the following information to answer the next two questions. Suppose the spot quote for pesos...

  1. Use the following information to answer the next two questions.

    Suppose the spot quote for pesos in terms of Canadian dollars is C$.1215‑25 and the spot quote for US dollars in terms of Canadian dollars is C$.9855-64. What is the bid quote for pesos in terms of US dollars? Round intermediate calculations to four decimal places.

    $.1243

    $.1232

    $.1242

    $.1233

    None of the above

6.25 points   

QUESTION 3

  1. Find the ask quote for pesos in terms of US dollars. Round intermediate steps and your final answer to four decimals. Do not use currency symbols or words when entering your response.

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