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19. Kamran Khan is a trader in currencies and look for arbitrage opportunities to get risk-free arbitrage returns. He is based in Nizwa. He simultaneously

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19. Kamran Khan is a trader in currencies and look for arbitrage opportunities to get risk-free arbitrage returns. He is based in Nizwa. He simultaneously calls Nizwa Bank in Oman and National Bank of Qatar. The banks give the following quotes on the Saudi Arabian Rial simultaneously: Bank Nizwa, Oman National Bank of Qatar OMR 10.75-90/SAR OMR 10.80-95/SAR Using OMR 1.5 million or its Saudi Arabian Rial equivalent, show how the corporate treasury could make geographic arbitrage profit with the two different exchange rate quotes, (6)

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