Find spot ask exchange rate

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Suppose the spot ask exchange rate, SS $52,632 $100,000 £52,632 £100,000 ($/£), is $1.90 = £1.00 and the spot bid exchange rate, ($/£), is $1.89 = £1.00. If you were to buy £10,000,000 worth of US dollar and then sell them five minutes later, how much of your £10,000,000 would be "eaten" by the bid-ask spread?

Reference no: EM133005066

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