strategy #2

Vienna Corporate Treasury. A corporate treasury working out of Vienna with operation Citibank NYC USD0.75510 = EUR1.00 USD0.75561 = EUR1.00 Barclays London USD0.75450 = EUR 1.00 USD0.75475 = EUR1.00 Using $5.5 million or its euro equivalent, determine if and how the corporate treasury cou Calculate the first arbitrage opportunity below: (Round to the nearest cent.) Arbitrage Strategy #1 Initial investment $ Buy euros from Barclays (at the ask rate) Sell euros to Citibank (at the bid rate) 5,500,000.00 7,287,181.19 5,502,550.52 2,550.52 $ Arbitrage profit (loss) $ This attempt ends in a profit . (Select from the drop-down menu.) Calculate the second arbitrage opportunity below: (Round to the nearest cent.) Arbitrage Strategy #2 Initial investment $ 5,500,000.00