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4. Suppose the quote on Swiss Franc is: $1.0655-72 per CHF, i.e., S(USD/CHF) (a) If you converted $10,000 to Swiss Franc and then back to
4. Suppose the quote on Swiss Franc is: $1.0655-72 per CHF, i.e., S(USD/CHF) (a) If you converted $10,000 to Swiss Franc and then back to dollars, how many dollars would you end up with? (b) Suppose you could buy francs at the bid rate and sell them at the ask rate. How many dollars would you have to transact in order to earn $1,000 on a round-trip transaction bying francs for dollars and then selling the francs for doilans)
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