Assume that a bank's bid rate on Swiss francs is 0.25 and its ask rat – McqOptions

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1.	Assume that a bank's bid rate on Swiss francs is 0.25 and its ask rate is 0.26. Its bid-ask percentage spread is:
A.	4.00%.
B.	about 3.85%.
C.	4.26%.
D.	about 4.17%.
Answer» D. about 4.17%.

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