$2$

$6$

points

eBook

Hint

References

Required:

Ignoring transaction costs,

a$.$ Does Doug Bernard have an arbitrage opportunity based on these quotes?

Does Doug Bernard have an arbitrage opportunity based on these quotes? Yes

b$.$ How much would he profit if he has $$1,000,000$ available for this purpose?

Note: Do mot round intermediate calculations. Round your answer to $2$ decimal places$\mathrm{.}2$

$6$

points

eBook

Hint

References

Required:

Ignoring transaction costs,

a$.$ Does Doug Bernard have an arbitrage opportunity based on these quotes?

Does Doug Bernard have an arbitrage opportunity based on these quotes? Yes

b$.$ How much would he profit if he has $$1,000,000$ available for this purpose?

Note: Do mot round intermediate calculations. Round your answer to $2$ decimal places.