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2. Consider a $/ bid-ask quote of $0.9237 - $0.9242: a). At what dollar price is the bank paying for each ? b). At what

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2. Consider a $/ bid-ask quote of $0.9237 - $0.9242: a). At what dollar price is the bank paying for each ? b). At what dollar price is the bank selling each ? c). What is the bank's profit if it initially holds $1,000,000, converts it to , and then back to $ at the bid and ask prices? d). What are the corresponding /$ bid and ask prices

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