2. Cross-rates: bid-ask spreads): Due to the concem of efficiency, the New York branch of UBS has the following quotes using $ as common currencv. Bid $1.5873E $1.4615 Ask $1.5877 1.4619 Bank quotation British pound Euro (a) A bank customer wants to sell 1,000,000 for euros. How many euros will the bank customer receive after two transactions? b) A bank customer wants to sell 1,000,000 for British pounds. How many British pounds will the bank customer receive after two transactions? (c) What is the bid and ask rate for the cross rate ofE/f (four decimal places)