A bank gives you a bid-ask quote on the bgn bulgarian lev, Financial Management

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A bank gives you a bid-ask quote on the bgn bulgarian lev

1. A bank gives you a bid-ask quote on the BGN (Bulgarian lev), of 0.75 - 0.77 USD/BGN. What is the percentage bid-ask spread? Enter anwer in percents, accurate to two decimal places.

2. A new piece of equipment at Dalton Manufacturing is $40000 in current $. The company has no plans to raise its price over the next 3 years. The overall inflation rate for next 3 years is 3%,2%,4% respectively. What will be the cost of equipment in today's dollar(real) three years from now?

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Financial Management: A bank gives you a bid-ask quote on the bgn bulgarian lev

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Financial Management: A bank gives you a bid-ask quote on the bgn bulgarian lev

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