Compute the bid-ask spread for the pound in paris

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Reference no: EM132004333

Suppose the British pound and the euro are quoted at $1.2281-89 and $1.0630-33, respectively, in New York. **please include intermediary steps

a) What is the bid-ask quote for the British pound in Paris (EUR/GBP)?

b) Compute the bid-ask spread for the pound in Paris.

Reference no: EM132004333

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