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Question 10 Assume that you convert $10,000 into British pounds and immediately afterwards you convert...

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Question 10 Assume that you convert $10,000 into British pounds and immediately afterwards you convert them back into American dollars. The bank quoted you a bid price of $1.55/GBP and an ask price of $1.65/GBP. Please estimate the dollar amount you lost in this round-trip transaction $ 1.500 5045.10 $1.000 $ 606,05

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