Suppose the spot ask exchange rate: Sa($/), is $1.89 = 1.00 and the spot bid exchange rate, Sb($/), is $1.88 = 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? (Choose the answer closest to yours.) O $1,000,000 O $52,910.05 O $100,000 W O $52,631.58