1. The percent spread is 0.33%. The quote (bid price) for euro is $0.9865/€. What is the quote (ask price) for euro? (show all work)
a. $0.9845/€
b. $0.9857/€
c. $0.9872/€
d. $0.9898/€
2. If the $/€ bid and ask prices are $1.5011-85/€, respectively, the corresponding €/$ bid and ask prices are _____.(show all work)
a. €0.6629-62/$
b. $1.5085-11/€
c. $0.6629-62/€
d. Cannot be determined with the information given