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QUESTION 6 Use the following information to answer the next two questions. Suppose the spot quotes for the pound sterling and Mexican peso are $1.3981-89

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QUESTION 6 Use the following information to answer the next two questions. Suppose the spot quotes for the pound sterling and Mexican peso are $1.3981-89 and $.1130-33, respectively. What are the bid and ask quotes for pounds in terms of pesos? Round intermediate calculations to four decimal places. 12.3398; 12.3796 12.3469; 12.3726 .0808-12 O 0976-87 QUESTION 7 Find the ask quote for dollars in terms of pounds. Round intermediate steps to four decimals. O.9994 0.7153 O .7148 .8158

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