The percent spread is 033 the quote bid price for euro is, Financial Management

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The percent spread is 033 the quote bid price for euro is

1. The percent spread is 0.33%. The quote (bid price) for euro is $0.9865/€. What is the quote (ask price) for euro? (show all work)

a. $0.9845/€

b. $0.9857/€

c. $0.9872/€

d. $0.9898/€

2. If the $/€ bid and ask prices are $1.5011-85/€, respectively, the corresponding €/$ bid and ask prices are _____.(show all work)

a. €0.6629-62/$

b. $1.5085-11/€

c. $0.6629-62/€

d. Cannot be determined with the information given

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Financial Management: The percent spread is 033 the quote bid price for euro is

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Financial Management: The percent spread is 033 the quote bid price for euro is

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