Suppose the spot ask exchange rate, Sa($|), is $2.08 = 1.00 and the spot bid exchange rate, Sb($|), is $2.06 = 1.00. If you were to buy $5,000,000 worth of British pounds and then sell them five minutes later without the bid or ask changing, how much of your $5,000,000 would be "eaten" by the bid-ask spread? options:

$56,796

$48,544

$56,250

$48,077

$100,000