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Question 2 The table below presents bid-ask quotes for Euro (EUR) from several currency dealers around the world. Currency Dealer in Hong Kong Zurich $1.3450-61

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Question 2 The table below presents bid-ask quotes for Euro (EUR) from several currency dealers around the world. Currency Dealer in Hong Kong Zurich $1.3450-61 $1.3462-65 Bid/Ask Quotes for EUR New York $1.3459-66 The maximum profit a currency speculator, with access to $2,500,000, can make in one round trip locational arbitrage transaction is $. O 500 743 856 ! London $1.3454-60 371 10 pts

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