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Assume that you convert $ 2 5 , 0 0 0 into Mexican pesos, and immediately afterwards you convert them back into US dollars. The

Assume that you convert $25,000 into Mexican pesos, and immediately afterwards you convert them back into US dollars. The bank offered you a bid-ask quote of 0.1245-95. The dollar amount you lost in this round trip transaction is about:
$965.25
$1250.00
$1004.02
$1000.00
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