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Suppose the spot ask exchange rate ($/), is $1.81=1.00 and the spot bid exchange rate, Sb($/), is $1.72= 1.00. If you were to buy $10370672
Suppose the spot ask exchange rate ($/), is $1.81=1.00 and the spot bid exchange rate, Sb($/), is $1.72= 1.00. If you were to buy $10370672 worth of British pounds and then sell them five minutes later, what is the dollar amount of your $10370672 would be "eaten or lost" by the bid-ask spread? (Input only numbers as your final answer, round your answer to the nearest whole number.)
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