Bid-ask spreads-currency dealer

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Reference no: EM13860597

Bid-ask spreads: Suppose you contact your currency dealer at Credit Agricole and obtain the following quote on US dollars, priced in Swiss franc (SF).

SF 0.9495 - 05

a. How much would it cost to buy SF10,000,000?

b. Suppose you wish to sell SF 10,000,000. How many dollars will you receive?

Reference no: EM13860597

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