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Suppose the spot ask exchange rate, Sa($J), is $2.04 = 1.00 and the spot bid exchange rate, sb($j), is $2.00 = 1.00. If you were

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Suppose the spot ask exchange rate, Sa($J), is $2.04 = 1.00 and the spot bid exchange rate, sb($j), is $2.00 = 1.00. If you were to buy $7,000,000 worth of British pounds and then sell them five minutes later without the bid or ask changing, how much of your $7,000,000 would be "eaten" by the bid-ask spread? O $140,000 $137,255 O $128,800 $280,000 $168,824

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