Question $40$

Assume the following exchange rates extst.

$$uppose that you are an arbitrageur that starts with $$100$ in New York. Which of the

fellewing paths is correct in order to make arbitrage profit?

Buy pound in New York $-->$ sell pound for SFr in New York $-->$ sell SFr for dollar in New York

Buy SFr in New York $->$ sell SFr for pound in New York $-$ sell pound for dollar in New York

Buy SFr in New York $-->$ sell SFr for pound in Geneva $-->$ sell pound for dollar in New York

Buy pound in New York $-->$ sell pound for SFr in London $-->$ sell SFr for dollar in New York