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1. The bid-ask spreads exists for which of the following reasons? 2. As an entry fee for investors looking to trade on particular exchanges b. 'To pay "market makers" and "liquidity providers" in the market such as brokers c. Due to investors competing in bidding wars to get ahold of stocks d. As an inefficiency in the market 2. Diana Pavelka is the owner of Pavelka's Pastries, a confectionary shop located on the border of Germany and Switzerland. She is considering two potential suppliers for the dough used in her products. One Swiss supplier offers to supply a year's worth of dough for 32,000 Swiss Franes. What price in euros would a German supplier need to offer to match this price? The exchange rates are 1.10 Swiss Franes per dollar, and 1.30 Euros per dollar. a. 32,000 b. ,35,200 c. 41,600.00 d. 6,37,818.18