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Part 2 please Intro A bank quotes a bid price of $0.0102 per yen and an ask price of $0.01025 per yen for its wholesale

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Intro A bank quotes a bid price of $0.0102 per yen and an ask price of $0.01025 per yen for its wholesale customers. - Attempt 1/6 for 10 pts. Part 1 What is the bid/ask spread in percentage terms? 0.00488 Correct Ask rate-Bid rate Bid/ask spread = Ask rate 0.01025 -0.0102 0.01025 = 0.4878% = 0.004878 Part 2 - Attempt 1/6 for 10 pts. If you convert $5,000,000 to yen and then back to dollars, what is your total round-trip cost (in $)? + decimals

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