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Question 1 The table below presents bid-ask quotes for Euro (EUR) from several currency dealers around the world. Zurich $1.3454-60 Hong Kong $1.3450-61 London New
Question 1 The table below presents bid-ask quotes for Euro (EUR) from several currency dealers around the world. Zurich $1.3454-60 Hong Kong $1.3450-61 London New York $1.3462-65 $1.3459-66 Currency Dealer in Bid/Ask Quotes for EUR In order to take advantage of locational arbitrage, a currency speculator should buy EUR from the dealer and sell EUR to the dealer.. Zurich, London: O Hong Kong: New York. O New York: Hong Kong Zurich: Hong Kong 10 pts
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