1.onna Ackerman, CFA, is an analyst in the currency trading department at State Bank. Ackerman is training a new hire, Fred Bos, a recent college graduate with a BA in economics. Ackerman and Bos have the following information available to them: Spot Rates |
| Bid Price | Ask Price | Euro/US$ | 1.0000 | 1.0015 | British Pound/US$ | ₤2.0000 | ₤2.0100 |
Ackerman asks Bos to determine the bid-ask spread (the difference between the ask price and the bid price) for Euros per British pound ( |