Question: A local community bank has requested foreign exchange quotes for the Swiss Franc from Citibank. Citibank quotes a bid rate of $1.0934/SF and an ask

A local community bank has requested foreign exchange quotes for the Swiss Franc from Citibank. Citibank quotes a bid rate of $1.0934/SF and an ask rate of $1.0997/SF. What is the bid-ask spread?

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