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The bid and ask prices for euro to dollar exchange rate (EUR/USD) quoted by a dealer are 1.2085 and 1.2120. If an investor wants to

The bid and ask prices for euro to dollar exchange rate (EUR/USD) quoted by a dealer are 1.2085 and 1.2120. If an investor wants to buy 100 euros what will be the cost to the investor?

$120.85

$121.20

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