Question
2. Suppose the spot quote on the euro is $0.9302-18 and the spot quote on the Swiss franc is $0.6180-90. Compute the percentage bid-ask spreads
2. Suppose the spot quote on the euro is $0.9302-18 and the spot quote on the Swiss franc is $0.6180-90. Compute the percentage bid-ask spreads on the euro and the franc, then calculate the direct spot quote for the franc in Paris.
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The New Microfinance Handbook A Financial Market System Perspective
Authors: Joanna Ledgerwood, Julie Earne, Candace Nelson
1st Edition
0821389270, 978-0821389270
