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The following quotes were taken from a bank in the Auckland, NZ , international airport: Bid = NZD 1 . 4 0 / EUR Ask

The following quotes were taken from a bank in the Auckland, NZ

,

international airport:

Bid

=

NZD

1.40 /

EUR Ask

=

NZD

1.50 /

EUR

Based on this information, calculate the bid

-

ask spread.

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