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WORK PROBLEM OUT AND SHOW FORMULAS I. The following are spot rate quotes in the interbank dealer market: Compute the BID & ASK on the

WORK PROBLEM OUT AND SHOW FORMULAS

I. The following are spot rate quotes in the interbank dealer market: Compute the BID \& ASK on the GBP/EUR cross rate implied by the interbank dealers' market. (20 points)

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