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A local community bank has requested foreign exchange quotes for the Swiss Franc from Citibank. Citibank quotes a bid rate of $1.0850/SF and an ask

A local community bank has requested foreign exchange quotes for the Swiss Franc from Citibank. Citibank quotes a bid rate of $1.0850/SF and an ask rate of $1.0907/SF. What is the bid-ask spread? (Round answer to 3 decimal places, e.g. 17.540%.)

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