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Please choose 2 banks and comparison shop for the best deal on a new personal checking account. You may do this via phone, internet, or in person. Summarize what makes this the best deal above the others you looked at. One must be a savings bank and the other must be a commercial bank. Make sure to give us the name of the bank (address and details not needed).
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Assume you observe the following direct spot quotations in New York and Toronto, respectively: 0.8000-30 and 1.2500-70. What are arbitrage profits per $1 million?
To what extent is it significant for financial managers to understand the concept of the time value of money?
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