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Q4. Explain in brief why there are not many arbitrage opportunities in the integrated global market. These can arise but with small size, and are

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Q4. Explain in brief why there are not many arbitrage opportunities in the integrated global market. These can arise but with small size, and are usually short lived. Recall a numerical example mentioned in class and involving different dollar prices of euro in New York and London. Note that modern telecom technology links main financial centers in the world together into a truly global, single market that effectively operates 24 hours a day. t

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