Banco Santiago wants to make a bid-ask spread of 0.65 percent on its foreign exchange transactions. If

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Banco Santiago wants to make a bid-ask spread of 0.65 percent on its foreign exchange transactions. If the ask rate on the Mexican peso (MP) is MP 18.3092/$, what does the bid rate have to be?

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Fundamentals of Corporate Finance

ISBN: 978-1119371403

4th edition

Authors: Robert Parrino, David S. Kidwell, Thomas Bates

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Question Posted: Feb 07, 2019 04:32 AM

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Banco Santiago wants to make a bid-ask spread of 0.65 percent on its foreign exchange transactions. If

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The ask rate will have to be MP 181902 to provi...View the full answer

Fundamentals of Corporate Finance

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