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Suppose you see the following exchange rate quotes: In New York: $1.25780-89/ In Frankfurt: $1.12634-40/ In London: 1.11685-89/ Is there an arbitrage opportunity? Explain If

Suppose you see the following exchange rate quotes:

  • In New York: $1.25780-89/
  • In Frankfurt: $1.12634-40/
  • In London: 1.11685-89/
  1. Is there an arbitrage opportunity? Explain
  2. If there is an arbitrage opportunity, what is the profit per 1,000 arbitraged

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