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Today's spot rates are U.S. $0.6879/Swiss franc and U.S. $1.5583/British pound sterling. How many pounds must a Swiss franc be able to buy such that
Today's spot rates are U.S. $0.6879/Swiss franc and U.S. $1.5583/British pound sterling. How many pounds must a Swiss franc be able to buy such that a triangular arbitrage will not exist?
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