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11. Suppose the following quotations exist in the foreign exchange markets: London Paris $/ Bid $/ 1.2136 1.2115 12139 Ask 1.2129 Under the above scenario,

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11. Suppose the following quotations exist in the foreign exchange markets: London Paris $/ Bid $/ 1.2136 1.2115 12139 Ask 1.2129 Under the above scenario, is arbitrage possible? If so, how much profit can be made per ? If not, why not. Provide an example of how the above prices need to change to eliminate arbitrage if arbitrage is possible or to allow arbitrage if arbitrage is currently not possible (you will need only 1 example)

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