Question: Please answer the following question based on the picture below: Problem 1 (2 points): a) (0.5 point) Suppose the exchange rate of USD/CHF = 0.91

Please answer the following question based on the picture below:

Problem 1 (2 points): a) (0.5 point) Suppose the exchange rate of USD/CHF = 0.91 - 0.95. If you were to buy 10,000,000 CHF worth of USD and then sell them five minutes later, how much of your 10,000,000 CHF would be "eaten" by the bid-ask spread? b) (0.5 point) The value of the THB today is $0.03. Yesterday, the value of the THB was $0.03. What is the percentage of depreciation/appreciation of the value of the THB? c) (1 point) If the Canadian dollar devalues against the Japanese yen by 25%, the JPY will appreciate against the CAD by how many percentage

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