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sir please give me answer V.3. Suppose in New York the euro and British pound trade at the following exchange rates: 09.924.si, and $/= 1.497:
sir please give me answer
V.3. Suppose in New York the euro and British pound trade at the following exchange rates: 09.924.si, and $/= 1.497: In London, the curo equivalent rate of the pound is 1.650 /. Is ther an arbitrage opportunity? Why or why not? Calculate the profit to be made on $1,000,000. Yhow your work to four deci mal pointsStep by Step Solution
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