Use the following information to answer the next two questions.

Suppose the spot quotes for the pound sterling and Mexican peso are $1.398189 and $.113033, respectively. What are the bid and ask quotes for pounds in terms of pesos? Round intermediate calculations to four decimal places.

12.3398; 12.3796

12.3469; 12.3726

.080812

.097687

Find the ask quote for dollars in terms of pounds. Round intermediate steps to four decimals.

		.9994
		.7153
		.7148
		.8158