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Utah Banks bid price for Canadian dollars is $.7838 and its ask price is $.8010. What is the bid/ask percentage spread? Compute the bid/ask percentage

  1. Utah Banks bid price for Canadian dollars is $.7838 and its ask price is $.8010. What is the bid/ask percentage spread?
  2. Compute the bid/ask percentage spread for Mexican peso retail transactions in which the ask rate is $.12 and the bid rate is $.11.

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