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Consider the following quoted spot rates and identify which statement(s) below is(are) true: a. A riskless arbitrage can be made only by going clockwise around
Consider the following quoted spot rates and identify which statement(s) below is(are) true: a. A riskless arbitrage can be made only by going "clockwise" around the triangle. b. A riskless arbitrage can be made only by going "anti-clockwise" around the triangle. c. None of the options in this question is true
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