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Assume that a bank's bid rate on Swiss francs is $.55 and its ask rate is $.57. Its bid-ask percentage spread is: about 3.40%. about

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Assume that a bank's bid rate on Swiss francs is $.55 and its ask rate is $.57. Its bid-ask percentage spread is: about 3.40%. about 3.51%. about 3.17%. about 3.03%

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