The following are the spot bid-ask rates for thedollar per pound exchange rate: Sb($|?), is $1.03 = ? 1.00 Sa($|?),is $1.18 = ? 1.00 An

The following are the spot bid-ask rates for thedollar per pound exchange rate: Sb($|â?¬), is $1.03 = â?¬ 1.00 Sa($|â?¬),is $1.18 = â?¬ 1.00 An investor buys Euros using $90,000 and sellsthem immed 2 answers