The following table presents the mid-rates, the Royal Bank€™s buy and sell rates, and ICE€™s buy and sell rates (at their Vancouver International Airport operation) on the same date for conversions between the Canadian dollar and three other major currencies.

a. As a percentage of the mid-rate, calculate to the nearest 0.01% the percent spread (between buy and sell rates) on US dollar conversions for each of the Royal Bank and ICE.
b. As a percentage of the midrate, calculate the percent buy-sell spread on British pound conversions for each of the Royal Bank and ICE.
c. As a percentage of the mid-rate, calculate the percent buy-sell spread on euro conversions for each of the Royal Bank and ICE.

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Royal Bank ICE Currency Exchange Buy rate Mid-rate Buy rate Sell rate Sell rate C$1.085/US$1 C$1.0696 US$1 C$1.1025/US$1 C$1.0360 US$1 C$1.1255 US$1 C$1.800 E1 C$1.7639 E C$1.8481/E C$1.6761/E C$1.9333 E1 C$1.551/ C$1.5002/1 C$1.6027 1 C$1.4394/1 C$1.6585 1