If the C$ strengthens by 4% relative to the euro (C$1.00 = €0.64491) , what will be the new value for the euro per C$1.00?
A) €0.6191per C$1.00
B) €0.6685 per C$1.00
C) €0.6554 per C$1.00
D) €0.6496 per C$1.00
E) €0.6707 per C$1.00
Correct Answer:
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