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hi just need some help! thank you Suppose that a commercial bank's current quote for transactions involving the United States dollar is A$1.3214 - A$1.3298.
hi just need some help!
Suppose that a commercial bank's current quote for transactions involving the United States dollar is A$1.3214 - A$1.3298. (a) State the ask and bid prices for the bank. (2 marks) (b) Calculate the bid/ask spread for the bank. (4 marks) thank you
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