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100. Assume that Bank America's bid price for the Danish kroner is $/k = 0.1875 and it's ask rate is $/k = 0.1895. If you

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100. Assume that Bank America's bid price for the Danish kroner is $/k = 0.1875 and it's ask rate is $/k = 0.1895. If you convert $ 1000 to Danish kroner (k) and you immediately turn around and convert the Danish kroner back to dollars, how many dollars will you have ? a. $500 b. $1000 c. $998.37 d. $989.45 e. None of the above

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