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Exercises: Exercise 3.1: A stock price is quoted as 100 in London and $152 in New York. The current exchange rate is 1.5500. What is

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Exercises: Exercise 3.1: A stock price is quoted as 100 in London and $152 in New York. The current exchange rate is 1.5500. What is the arbitrage opportunity? Exercise 3.2: Bank X quotes USD/VND = 22,660-22,700. Bank Y quotes USD/VND = 22,720-22,800. Is there an arbitrage opportunity ? =

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