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3 Assume that a bank's ask rate on euro is $1.10 and its bid rate is $1.08. Its bid/ask percentage spread is: a.about 2.90%. b.about
3 Assume that a bank's ask rate on euro is $1.10 and its bid rate is $1.08. Its bid/ask percentage spread is:
a.about 2.90%.
b.about 1.85%.
c.about 2.10%.
d.about 1.82%.
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Fundamentals Of Financial Management
Authors: James C Van Horne
3rd Edition
0133393410, 978-0133393415
