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Question 4 The table below presents quotes and cross-quotes on BP and SF Price for BP in New York in sy S 1.725 for 1

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Question 4 The table below presents quotes and cross-quotes on BP and SF Price for BP in New York in sy S 1.725 for 1 BP Price for SF in Chicago (in sy S 0.645 for I SE Price for SF in London (in BP) BP 0.365 for 1 SE The three steps which will create triangular arbitrage proht are as follows: first step, convert e second step, convert and third step. convert $ to SF:SF to BP BP to Sto BP BP to SF SF to $ $ to BP: SF to BP: SF to 5 Sto SF: BP to SF. BP to s

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