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Question 4 1 pts Suppose the spot ask exchange rate, S($[E), is $1.90 - 21.00 and the spot bid exchange rate, sb($JE), is $1.89 =

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Question 4 1 pts Suppose the spot ask exchange rate, S"($[E), is $1.90 - 21.00 and the spot bid exchange rate, sb($JE), is $1.89 = 1.00. If you were to buy $10,000,000 worth of British pounds and then sell them five minutes later, how much of your $10,000,000 would be "eaten" by the bid-ask spread if the market prices remained the same as five minutes ago? $1,000,000 $52,910.05 $100,000 $52,631.58

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