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The euro is quoted at 121.10/ Bid and 121.20/ Ask in Tokyo. The yen is quoted at 0.008240/ Bid and 0.008250/ Ask in Paris. Convert
The euro is quoted at 121.10/ Bid and 121.20/ Ask in Tokyo. The yen is quoted at 0.008240/ Bid and 0.008250/ Ask in Paris.
- Convert the Paris quote into a / quote (round to 2 decimal places).
- Is there an opportunity for profitable arbitrage? If so, describe the necessary transactions using a 1 million starting amount and calculate the profit in terms of Japanese yen().
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