Bid-ask spread: A local community bank has requested foreign exchange quotes for the Swiss franc from Citibank.
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Bid-ask spread: A local community bank has requested foreign exchange quotes for the Swiss franc from Citibank. Citibank quotes a bid rate of $1.0934/SF and an ask rate of $1.0997/SF. What is the bid-ask spread?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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