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Suppose the spot ask exchange, rate, S ( $ ) , is $ 1 . 9 0 = 1 . 0 0 and the spot

Suppose the spot ask exchange, rate, S($), is $1.90=1.00 and the spot bid exchange rate, S($), 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?
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