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19. Around the Horn. Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an intermarket arbitrage profit. Citibank quotes

19. Around the Horn. Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an intermarket arbitrage profit. Citibank quotes U.S. dollar per pound National Westminster quotes euros per pound Deutschebank quotes U.S. dollar per euro $1.5900 = 1.00 1.2000 1.00 $0.7550 1.00
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9. Around the Horn. Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an intermarket arbitrage profit. Citibank quotes U.S. dollar per pound National Westminster quotes euros per pound Deutschebank quotes U.S. dollar per euro $1.5900=1.00 1.2000=1.00 $0.7550=1.00 9. Around the Horn. Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an intermarket arbitrage profit. Citibank quotes U.S. dollar per pound National Westminster quotes euros per pound Deutschebank quotes U.S. dollar per euro $1.5900=1.001.2000=1.00$0.7550=1.00

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