The corresponding bid and ask prices are computed as follows:
/ $ = 1 / 1.25
= 0.8000
/ $ = 1 / 1.26
= 0.7937
Now, we know that the ask price is always greater than the bid price.
Hence the ask price will be 0.8000
The bid price will be 0.7937
So, the correct answer is option c.
Feel free to ask in case of any query relating to this question
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