Suppose the euro is quoted at 06064-80 in london and the


Suppose the euro is quoted at £0.6064-80 in London, and the pound sterling is quoted at €1.6244-59 in Frankfurt.

Compute the percentage bid-ask spread on the British pound in London and the euro in Frankfurt.

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Financial Management: Suppose the euro is quoted at 06064-80 in london and the
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