Question: Incorrect answer. Your answer is incorrect. Try again. A local community bank has requested foreign exchange quotes for the Swiss Franc from Citibank. Citibank quotes

Incorrect answer. Your answer is incorrect. Try again. A local community bank has requested foreign exchange quotes for the Swiss Franc from Citibank. Citibank quotes a bid rate of $1.1100/SF and an ask rate of $1.1161/SF. What is the bid-ask spread? (Round answer to 3 decimal places, e.g. 17.540%.)

Bid-ask spreadr % ?

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