If you were buy 2.268.830.Worth of GBP and then sell them immediately. Spot exchange rate Bid rate

Fantastic news! We've Found the answer you've been seeking!

Question:

If you were buy 2.268.830.Worth of GBP and then sell them immediately.

Spot exchange rate

Bid rate ($/£). 1,2606

Ask rate ($/£) 1,2623

How much of your 2.268.830 would be eaten by the bid ask spread?

Related Book For answer-question

Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

ISBN: 978-0324656633

5th edition

Authors: Cliff T. Ragsdale

See More Books

Posted Date: Jul 22, 2023 02:45 AM

See More Questions

Suppose the spot ask exchange rate, Sa($|), is $1.21 = 1.00 and the spot bid exchange rate, Sb($|), is $1.20 = 1.00. If you were to buy $10,000,000 worth of British pounds and then sell them five...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Assume that U.S. and Argentine investors require a real return of 2 percent. If the U.S. nominal interest rate is 5 percent, and Argentina's nominal interest rate is 7 percent, then according to the...
A long cylindrical wood log (k = 0.17 W/mK and = 1.28 10 -7 m 2 /s) is 10 cm in diameter and is initially at a uniform temperature of 15C. It is exposed to hot gases at 550C in a fireplace with a...
Context-sensitive nature of cost behavior classifications Warren and Carter Tax Services Development Department is responsible for establishing new community branches. Each branch opens with two tax...
What is a difference between lambdas and method references? A. Only one can take a method parameter. B. Only one can reference an effectively final local variable. C. Only one can make a method call...
Suppose $\mathbf{x} \sim M N(n, \boldsymbol{\pi})$ follows a multinomial distribution of size $n$ and probability $\pi$. Derive the variance matrix of $\mathbf{x}$.
Presented is information related to Rogers Co. for the month of January 2010. Instructions(a) Prepare the necessary adjusting entry for inventory.(b) Prepare the necessary closingentries. Ending...
Mercedes-Benz AG is a subsidiary of Daimler AG known for producing luxury vehicles and commercial vehicles. This company has strongly pushed for product placement in Hollywood movies. In 2015,...
Bonny Corp. has a defined benefit pension plan for its employees who have an average remaining service life of 10 years. The following information is available for 2013 and 2014 related to the...
How to find out NO geographic barriers in Online digital banking?
A industrial waste treatment facility receiving 1 MGD of flow needs to build a new reactor to treat chromium(VI) waste from an electroplating operation. Cr(VI), present in water as HCrO4- can be...
What will be printed when the following code executes? xList [-1, 0, 1, 0, 2, 0, 3, 0, 4, 0, 5, 0,6] y = xList.pop(5) y=xList.insert( 6, 6) print(xList)
Q10. Many old clocks use a pendulum to keep time. If each swing from one side to the other takes 1 second, the clock is said to have a "seconds pendulum. What length is required to build such a clock...
Tesla manufactures solar power batteries The variable materials cost is $13.14 per unit, and the variable labor cost is $7.89 per unit. What is the variable cost per unit? Suppose the company incurs...
Highest Marginal Tax Rate: the highest rate of tax you pay at. *8a) If you are single with a taxable income of $45,000 then what is your highest marginal tax rate? *8b) If you are single with a...
R Q=(R.0.0) A short (or Hertzian) dipole antenna is excited by a current lo = 10 A. If the length of dipole antenna is 2/20, find the maximum radiated power density in W/m at a distance of 1 km away...
In Exercises 15 through 30, find the derivative dy/dx. In some of these problems, you may need to use implicit differentiation or logarithmic differentiation. y ex + et -2x 1 + e
A cotton grower in south Georgia produces cotton on farms in Statesboro and Brooklet, ships it to cotton gins in Claxton and Millen, where it is processed, and then sends it to distribution centers...
Suppose that a product must go through an assembly line that consists of five sequential operations. The time it takes to complete each operation is normally distributed with a mean of 180 seconds...
Use regression analysis to fit a quadratic trend model to the data set. a. What is the estimated regression function? b. Compare the adjusted-R2 value for this model to that of the linear trend...
Marfan syndrome is a rare inherited human disorder characterized by unusually long limbs and digits plus defects in the heart (especially the aorta) and the eyes, among other symptoms. Following is a...
An individual has the genotype Aa Bb Cc and makes an abnormal gamete with the genotype AaBc. Does this gamete violate the law of independent assortment or the law of segregation (or both)? Explain...
A true-breeding tall pea plant was crossed to a true-breeding dwarf plant. What is the probability that an F1 individual will be truebreeding? What is the probability that an F1 individual will be a...

If you were buy 2.268.830.Worth of GBP and then sell them immediately. Spot exchange rate Bid rate

Question:

Expert Answer:

To calculate how much of your 2268830 GBP would be eaten by the bidask spread we need to consider bo... View the full answer

Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

Students also viewed these finance questions