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A speculator in New York wants to take a 10,000 position in US dollars. He faces the following bid-ask prices. After his trade, what will

A speculator in New York wants to take a 10,000 position in US dollars. He faces the following bid-ask prices. After his trade, what will be the speculators position? Bid Ask S($ per 1) 1.0204 05 S( per $1) 0.9795 05

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