What is the cross-exchange rate for canadian dollars priced


Suppose a dealer provides the following quotes: • a spot bid exchange rate, Sb(US$|C$), of US$0.8653 = C$ and the spot ask exchange rate, Sa(US$|C$), of US$0.8667 = C$. • a spot bid exchange rate, Sb(US$|€), of US$1.40 = € and the spot ask exchange rate, Sa(US$|€), of US$1.42 = €. If you currently own euros (€) and want to convert to Canadian dollars (C$), what is the cross-exchange rate for Canadian dollars priced in euros (C$/€)?

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Financial Management: What is the cross-exchange rate for canadian dollars priced
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