CFA Practice Question

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CFA Practice Question

The price for South Africa rand is $0.1945-67. What is the percent spread for this currency?

A. 0.99%
B. 1.12%
C. 1.13%
Correct Answer: B

The percent spread is the (ask price - bid price)/ask price times 100. In this case, (0.1967 - 0.1945)/0.1967 x 100 = 1.12%.

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