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Assume that a banks bid rate on Swiss francs is $.45 and its ask rate is $.48. Its bidask percentage spread is: A) about 4.64%.
Assume that a banks bid rate on Swiss francs is $.45 and its ask rate is $.48. Its bidask percentage spread is:
A) | about 4.64%. | |
B) | about 4.26%. | |
C) | about 6.25%. | |
D) | about 5.98%. |
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