You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work!!!$1.$ Suppose the quote for euro is $$0\mathrm{.}986592/.$ The Bid Ask spread is $\_\_\_.$You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work. $(1$ point$)$

$2.$ If the $$/$ bid and ask prices are $$1\mathrm{.}50/$ and $$1\mathrm{.}51/,$ respectively, the corresponding $/$$ bid and ask prices are $\_\_\_\_\_\_\_.$You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work. $(1$ point$)$

$3.$ Assume that a bank's bid rate on the Japanese yen is $$0\mathrm{.}0041/.$ Its Bid Ask spread $($percentage$)$ is $5\%.$ What is the ask price?You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work. $(2$ points$)$

$4.$ In the second half of $2013,$ the euro devalued by $2\%$ against the U$.$S$.$ dollar. By how much has the dollar appreciated against the euro?You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work. $(2$ points$)$ Use the following table for Q$5$ ~ Q$18$ US$Bank QuotationsBidAskBritish pounds$$1\mathrm{.}9712/$$$1\mathrm{.}9717/$Euros$$1\mathrm{.}4738/$$$1\mathrm{.}4742/$

$5.$ Please find the Bid Ask spread for $$/.$ You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(0\mathrm{.}4$ pts$)6.$ Please find the Bid Ask spread for $$/.$ You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(0\mathrm{.}4$ pts$)7.$ You have $$1,000,000.$ And you want to exchange $$1,000,000$ for $.$ How much will you have in $?$ You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(0\mathrm{.}4$ pts$)8.$ You want to buy $1,000,000.$ How much will you spend in $$?$ You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(0\mathrm{.}4$ pts$)$

$9.$ You have $$1,000,000.$ And you want to exchange $$1,000,000$ for $.$ How much will you have in $?$ You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(0\mathrm{.}4$ pts$)10.$ You want to buy $1,000,000.$ How much will you spend in $$?$ You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(0\mathrm{.}4$ pts$)$

$11.$ What are the bid price quotes for the value of the pound in terms of euro? You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(0\mathrm{.}4$ pts$)$

$12.$ What are the ask price quotes for the value of the pound in terms of euro? You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(0\mathrm{.}4$ pts$)$

$13.$ Please find the Bid Ask spread for $/.$ You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(0\mathrm{.}6$ pts$)14.$ What are the bid price quotes for the value of the euro in terms of pounds? You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(0\mathrm{.}4$ pts$)$

$15.$ What are the ask price quotes for the value of the euro in terms of pounds? You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(0\mathrm{.}4$ pts$)$

$16.$ Please find the Bid Ask spread for $/.$ You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(0\mathrm{.}6$ pts$)17.$ You have $1,000,000.$ And you want to exchange $1,000,000$ for $.$ How much will you have in $?$ You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(1\mathrm{.}2$ pts$)18.$ You have $1,000,000.$ And you want to exchange $1,000,000$ for $.$ How much will you have in $?$ You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work! $(1\mathrm{.}2$ pts$)$