Question
You have GBP 5,000,000 and two banks quote the following GBP/USD rates: Bank A 1.6144/49 Bank B 1.6148/53. At what rate will you sell GBP
You have GBP 5,000,000 and two banks quote the following GBP/USD rates: Bank A 1.6144/49 Bank B 1.6148/53.
At what rate will you sell GBP 5,000,000 against USD and why?
What will be your margin gain or loss if you trade between the two banks
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Financial Economics
Authors: Frank J. Fabozzi, Edwin H. Neave, Guofu Zhou
1st Edition
0470596201, 9780470596203
