The above table presents the mid-rates, the Royal Bank's buy and sell rates, and a currency exchange kiosk at Toronto's Pearson International Airport on the same date for conversions between the Canadian dollar and three other major currencies.
a) As a percentage of the mid-rate, calculate to the nearest 0.01% the percent spread (between buy and sell rates) on US dollar conversions for each of the Royal Bank and the airport kiosk.
b) As a percentage of the mid-rate, calculate the percent buy-sell spread on British pound conversions for each of the Royal Bank and the airport kiosk.
c) As a percentage of the mid-rate, calculate the percent buy-sell spread on euro conversions for each of the Royal Bank and the airport kiosk.

Question

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The Answer of The above table presents the mid-rates, the Royal Bank's buy and sell rates, and a currency exchange kiosk at Toronto's Pearson International Airport on the same date for conversions between the Canadian dollar and three other major currencies.
a) As a percentage of the mid-rate, calculate to the nearest 0.01% the percent spread (between buy and sell rates) on US dollar conversions for each of the Royal Bank and the airport kiosk.
b) As a percentage of the mid-rate, calculate the percent buy-sell spread on British pound conversions for each of the Royal Bank and the airport kiosk.
c) As a percentage of the mid-rate, calculate the percent buy-sell spread on euro conversions for each of the Royal Bank and the airport kiosk.

The Above Table Presents the Mid-Rates, the Royal Bank's Buy