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Consider the case of Chicago Co . in Chapter 4 . By switching the description of ( $ / NZ$ ) 0 . 5 2
Consider the case of Chicago Co in Chapter By switching the description of $NZ$ from the expected spot rate in days to a day forward rate, the banks activities change their nature from a speculation to an arbitrage. What are the four actions that the bank takes in order to make an arbitrage profit?
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