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(2) Including the transactions costs of the bid-ask spread, the euro-pound cross exchange rate for a customer who wants to sell euro and buy pounds
(2) Including the transactions costs of the bid-ask spread, the euro-pound cross exchange rate for a customer who wants to sell euro and buy pounds can b computed as b) So(/E)- So(/S) x S(S/E) Sd(E/$) Which one is correct? Explain why. If necessary, you can use an example with meaningful numbers
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