Suppose the spot ask exchange rate, S($|£), is $1.91 = £1.00 and the spot bid exchange rate, Sb($£), is $1.88 = £1.00. If you were to buy $8,000,000 worth of British pounds and then sell them five minutes later without the bid or ask changing, how much of your $8,000,000 would be "eaten" by the bid-ask spread? a. $138,219 b.$116,171 c.$125,654 d. $240,000 e.$127,660
