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Assume that a bank's bid rate on Chinese yuan is $0.1609 and its ask rate is $0.1685. Its bid-ask percentage spread is?
Assume that a bank's bid rate on Chinese yuan is $0.1609 and its ask rate is $0.1685. Its bid-ask percentage spread is?
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
16th edition
1337902608, 978-1337902601
