The foreign exchange department of Bank of India has a bid quote on Indian rupees (Rs) of

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The foreign exchange department of Bank of India has a bid quote on Indian rupees (Rs) of Rs 43.21/$. If the bank typically tries to earn a bid-ask spread of 0.5 percent on these foreign exchange transactions, what will the ask rate be?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 12, 2012 01:46 AM

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The foreign exchange department of Bank of India has a bid quote on Indian rupees (Rs) of

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Fundamentals of corporate finance

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