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( 5 points ) A London dealer quotes the price of gold at ounce 8 4 7 . 0 0 - 8 4 8 .

(5 points) A London dealer quotes the price of gold at ounce 847.00-848.00. The spot exchange rate is 1.15-1.16. A dealer in Frankfurt quotes the price of gold at ? ounce 900.00-920.00.
Summary of quotes:
\table[[,bid,ask],[? ounce,847.00/ounce,848.00/ounce],[,1.151.00,1.161.00
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