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Given the following quotes, find if there is an arbitrage opportunity: $1.0825/, 0.2649/MR, MR3.7750/$. (MR represents Malaysian Ringgit) Is there an opportunity to make arbitrage
Given the following quotes, find if there is an arbitrage opportunity: $1.0825/, 0.2649/MR, MR3.7750/$. (MR represents Malaysian Ringgit) Is there an opportunity to make arbitrage profits from these rates? If there is an arbitrage opportunity, find the arbitrage profits assuming you have $5 million to invest.
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