If CIBC Posts 1

question 20

Multiple Choice

If CIBC posts 1.10CAD/USD - 1.14 CAD/USD bid-ask exchange rates,Scotiabank posts 1.12CAD/USD - 1.15 CAD/USD,and Bank of America posts 0.88USD/CAD - 0.9 USD/CAD exchange rates,what is the maximum amount of CAD can you get for 1 USD?

• A)1.100
• B)1.111
• C)1.120
• D)1.136

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Definitions:

Share Valuation Models

Techniques or methods used to estimate the fair value of a company's shares, such as the Dividend Discount Model or the Discounted Cash Flow method.