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1. (10 points) Assume that Citibank quotes $1.3201-54/E in New York and simultaneously Barclays bank quotes 0.7551-61/S in London. What is the rate of return

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1. (10 points) Assume that Citibank quotes $1.3201-54/E in New York and simultaneously Barclays bank quotes 0.7551-61/S in London. What is the rate of return if you start with S1 million

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