1 a bank gives you a quote on the mxp mexican peso with a, Ask an Expert

Finance

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?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92793257

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