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Q18: A customer, Zebedee Inc, asks Citibank to quote Zebedee Inc the three month outright forward foreign exchange rate for the Swedish Krona (SEK) against

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Q18: A customer, Zebedee Inc, asks Citibank to quote Zebedee Inc the three month outright forward foreign exchange rate for the Swedish Krona (SEK) against the US dollar (USD) and to quote the rate as the number of USD per SEK. Zebedee Inc has not said which direction they want to trade so Citibank quotes a bid and an ask rate. Citibank quotes the rate as 0.21500.2190. Suppose Zebedee Inc decides to sell 32 mio USD to Citibank, how many SEK will Zebedee Inc receive? Give your answer to the nearest SEK

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