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The following rates are quoted to you by Citibank: Spot GBP / US$ 1.61 / 1.62 Spot MYR / US$ 0.55 / 0.56 Spot GBP
The following rates are quoted to you by Citibank:
Spot GBP / US$ 1.61 / 1.62
Spot MYR / US$ 0.55 / 0.56
Spot GBP / MYR 2.95 / 2.96
Is arbitrage possible? If yes, how much profit can you make if you have $1,000,000?
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
