Question: Suppose the spot ask exchange rate, is $ 1 . 8 9 6 = 1 . 0 0 and the spot bid exchange rate, is

Suppose the spot ask exchange rate, is $1.896=1.00 and the spot bid exchange rate, is $1.771=1.00. If you used your $100,000 to buy British pounds and then sell them five minutes later, what would be your profit (loss) from this transaction?

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