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QUESTION 4 You own $10000. The dollar rate in Zurich is 2.0183 Franc/$. The Franc rate in New York is given in the table below

QUESTION 4

  1. You own $10000. The dollar rate in Zurich is 2.0183 Franc/$. The Franc rate in New York is given in the table below

  1. COUNTRYCONTRACT$ / FOREIGN CURRENCY
  2. CanadadollarSpot0.8437
  3. 30-day0.8417
  4. 90-day0.8395
  5. JapanyenSpot0.004684
  6. 30-day0.004717
  7. 90-day0.004781
  8. SwitzerlandfrancSpot0.5139
  9. 30-day0.5169
  10. 90-day0.5315
  11. Is arbitrage profit possible? Set up an arbitrage scheme with your capital. What is the gain (loss) in dollars?

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