If the C$ Strengthens by 3% Relative to the Euro

Multiple Choice

If the C$ strengthens by 3% relative to the euro (C$1.00 = €0.7448) , what will be the new value for the euro per C$1.00?

A) €0.7671 per C$1.00
B) €0.7049 per C$1.00
C) €0.7429 per C$1.00
D) €0.4797 per C$1.00
E) €0.8107 per C$1.00