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The following are the exchange rates in three financial centers: $1.30 =6 1 in New York $1 = 80 Y in Tokyo (1 = 100

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The following are the exchange rates in three financial centers: $1.30 =6 1 in New York $1 = 80 Y in Tokyo (1 = 100 Y in Paris Given these exchange rates, an arbitrageur will a. sell Euros in Paris b. buy yen in Tokyo c. sell dollars in New York d. (a) and (b)

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