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Consider the following table: If you were to buy $10M worth of British pounds () and then sell them five minutes later, how much of
Consider the following table: If you were to buy $10M worth of British pounds () and then sell them five minutes later, how much of your $10M will be "eaten" by the bid-ask spread (that is, how much will you lose in the process of buying British pounds at the "ask" price and buying them back at the "ask" price)? $74,246.35 $89,939.34 $112,263.35 $100,000 Consider the following table: If you were to buy $10M worth of British pounds () and then sell them five minutes later, how much of your $10M will be "eaten" by the bid-ask spread (that is, how much will you lose in the process of buying British pounds at the "ask" price and buying them back at the "ask" price)? $74,246.35 $89,939.34 $112,263.35 $100,000
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