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Question 5 Assuming the following quotes, calculate how a market trader at Citibank with $ 1 , 0 0 0 , 0 0 0 can

Question

5

Assuming the following quotes, calculate how a market trader at Citibank with $

1, 000, 000

can make an intermarket arbitrage profit.

\

table

[[

Banks

,

Spot Rate

], [

Citibank

,

\frac{1.6194}{}

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