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Calculate based on the following information. Round to 4 decimal places ( for example, X . xxxx or X . xxxx % ) : a

Calculate based on the following information. Round to 4 decimal places (for example, X.xxxx
or X.xxxx%):
a. The British bid and ask rates for retail transactions are $1.212131(bid) and $1.27089
(ask).
Calculate the bid/ask spread.
b. The British bid and ask rates for wholesale transactions are $1.261771(bid) and
$1.27089(ask).
Calculate the indirect rate for the direct bid rate.
Calculate the indirect rate for the direct ask rate.
Calculate the direct rate bid/ask spread.
c. The Nepalese bid and ask rates for retail transactions are $0.006812NPR(bid) and
$0.007517? NPR (ask).
Calculate the indirect rate for the direct bid rate.
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