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2. Suppose the euro is quoted at 0.6064-80 in London, and the pound sterling is quoted at 1.6244-59 in Frankfurt. Compute the percentage bid-ask spread

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2. Suppose the euro is quoted at 0.6064-80 in London, and the pound sterling is quoted at 1.6244-59 in Frankfurt. Compute the percentage bid-ask spread on the British pound and the euro

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