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QUESTION

a. Nova Scotia Bank offers quotes on the Canadian dollar as shown below. What is the bid-ask spread based on these quotes?

(Round answer to 2 decimal places e.g. 17.54%.)  Bid Ask

(Round answer to 6 decimal places, e.g. 15.251945. Use 360 days for calculation.)  

(Round answer to 2 decimal places, e.g. 15.25. Do not enter currency symbols in your answer.) ___________

d. Cullumber Pharma just received revenues of $3,166,200 in Australian dollars (A$). Management has the following exchange rates: A$2.70000/£ and $1.5906/£. What is the U.S. dollar value of the company's revenues? (Round intermediate calculation to 4 decimal places, e.g. 15.2578 and final answer to the nearest whole dollar, e.g. 5,275.) 

(Round answer to 3 decimal places, e.g. 17.540%.) 

(Round answer to 2 decimal places, e.g. 15.25.). 

(Round answer to 2 decimal places, e.g. 17.54%. Use 360 days for calculation.).  

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