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(b) Considering the following quotes Spot (Euro/Pound) = 1.6543/1.6557 Spot (Pound/NZ$) =0.27860/0.2800 i) Calculate the % spread on the Euro/Pound Rate ii) Calculate the %

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(b) Considering the following quotes Spot (Euro/Pound) = 1.6543/1.6557 Spot (Pound/NZ$) =0.27860/0.2800 i) Calculate the % spread on the Euro/Pound Rate ii) Calculate the % spread on the Pound/NZS Rate iii) The maximum possible % spread on the cross rate between the Euro and the NZ$

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