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You are an US investor currently looking overseas market for possible investment in EURO. The spot rate of EURO quoted as USD/EURO .9050-90. Explain bid and ask price for this quotation. IF you want to buy EURO50,000. How much would

You are an US investor currently looking overseas market for possible investment in EURO. The spot rate of EURO quoted as USD/EURO .9050-90. Explain bid and ask price for this quotation. IF you want to buy EURO50,000.


How much would this cost you in USD to have EURO.
  • Expert Answer

In the given quotation USDEURO 905090 the bid and ask prices represent the exchange rate fo View the full answer


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International financial management

International financial management

ISBN: 978-0324593471

9th Edition

Authors: Jeff Madura

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Posted Date: June 07, 2023 01:25:50
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