Assume that a bank's bid rate on Swiss francs is £0.25 and its ask rate is £0.26. Itsbid-ask percentage spread is:

Assume that a bank's bid rate on Swiss francs is £0.25 and its ask ra

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