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Problem 5. Around The Horn (B) Assume the following bid-ask quotes and calculate if the market trader can make an intermarket arbitrage profit. Banks Spot

Problem 5. Around The Horn (B) Assume the following bid-ask quotes and calculate if the market trader can make an intermarket arbitrage profit.

Banks Spot Rate

Citibank $1.414143/

National Westminster 1.162224/

Deutschebank $1.216264/

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