What is the percentage bid-ask spread what is the resulting


1) A bank gives you a quote on the MXP (Mexican Peso), with a bid price of 0.19 USD/MXP, and an ask price 1.4 pennies more.

What is the percentage bid-ask spread?

2) You get a bid-ask quote on the EUR of 1.31-1.36 USD/EUR.

How many EUR will you be able to buy with 100 USD?

3) You get a quote of 1.09 USD/CAD, and 98.6 JPY/USD.

What is the resulting JPY/CAD exchange rate?

4) You get a bid-ask quote of 1.18-1.23 USD/CAD, and a bid-ask quote of 85-91 JPY/USD. If you have some CAD, and want to buy some JPY, what is your resulting price for JPY, expressed as CAD/JPY?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the percentage bid-ask spread what is the resulting
Reference No:- TGS02750073

Expected delivery within 24 Hours