Solved: What is the bid-ask percentage spread, Finance Basics

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What is the bid-ask percentage spread

Problem: The Bid price of Euro is $1.41075 / Euro and the Ask Price is $1.42076/Euro.

a. What is the Bid-Ask % Spread?

b. If you have $1,000 how many Euros you will get? (You are buying Euros here)

c. If you have Euro 1000, how many US dollars, you will receive? (You are selling Euros here)

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Finance Basics: What is the bid-ask percentage spread

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