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Around the Horn (A). Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an intermarket arbitrage profit. (Click on
Around the Horn (A). Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an intermarket arbitrage profit. (Click on the icon to import the table into a spreadsheet.) Bank Citibank National Westminster Deutschebank Spot Rates $1.6189/ 1.2839/ $1.2619/ We calculate the profit (loss) of the following arbitrage strategy: (Round to two decimal places.) Path #1: USD to EUR to GBP to USD Start with USD ($) 1,000,000.00 Convert USD to EUR at Deutschebank ask quote ()
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