Question: 3 Suppose the bid-ask quote for British pound ($/) in New York is $1.105060. a. What is the implied bid-ask quote for dollar (/$) in

3 Suppose the bid-ask quote for British pound ($/) in New York is $1.105060. a. What is the implied bid-ask quote for dollar (/$) in New York? b. How much will it cost to buy 300,000 ? c. How much will you get if sell 300,000 ? (8 points)

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