[Solved] Question 1 Suppose Air France receives th

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Question 1 Suppose Air France receives the following indirect quotes in New York: 0 . 9 2 - 0 . 9 3 and 0 .

Question

1

Suppose Air France receives the following indirect quotes in New York:

0.92 - 0.93

and

0.63 - 0.64 .

Given these quotes, what range of

\frac{}{}

bid and ask quotes in Paris will permit

arbitrage?

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