Question: emergency : please help me , only 2 hours 30 minutes left (c) Mimi sees the differences in exchange rates for the same pair of

emergency : please help me , only 2 hours 30 minutes

emergency : please help me , only 2 hours 30 minutes left

(c) Mimi sees the differences in exchange rates for the same pair of currency in 2 different banks as follows: Bid Price of MXN Ask Price of MXN Yode Bank USD0.044 USD0.047 DS Bank USD0.038 USD0.043 Required: (i) Calculate the bid-ask percentage spreads for USD. Which bank has a wider spread? (5 marks) If Mimi had USD500,000 to use now, how much of an arbitrage profit would she have? (6 marks) [Total: 30 marks]

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