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Norwegian company, because it operates within the global oil market, it considers the U . S . dollar, rather than the Norwegian krone ( Nok
Norwegian company, because it operates within the global oil market, it considers the US dollar, rather than the Norwegian krone Nok as its functional currency. Ari Karlsen is a currency trader for Equinor and has immediate use of either $ million or the Norwegian krone equivalent He is faced with the following market rates, and wonders whether he can make some arbitrage profits in the coming days.
The CIA profit potential is which tells Ari Karlsen he should borrow and invest in the yielding currency, the selling the dollars forward days, and therefore earn covered interest arbitrage CIA profits. Round to four decimal places and select from the dropdown menus.
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