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Suppose the spot ask exchange rate, Sa($), is $1.86=1.00 and the spot bid exchange rate, Sb($), is $1.82=1.00. If you were to buy $8,000,000 worth

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Suppose the spot ask exchange rate, Sa($), is $1.86=1.00 and the spot bid exchange rate, Sb($), is $1.82=1.00. If you were to buy $8,000,000 worth of British pounds and then sell them five minutes later without the bid or ask changing, how much of your $8,000,000 would be "eaten" by the bid-ask spread? $172,043 $320,000 $175,824 $201,290 $182,857

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