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Assuming no transaction costs, suppose 1= $2.40 in New York, $1 = SFr1.45 in Switzerland, and SFr1= 0.31 in London. How could you profit from
Assuming no transaction costs, suppose 1= $2.40 in New York, $1 = SFr1.45 in Switzerland, and SFr1= 0.31 in London. How could you profit from these rates? Suppose you start with $1.
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