Question Help Spot P19-12 (similar to) Foreign exchange arbitrage) You Own ST.000 The dollar rate in Tokya is 1217.1276/5 The yen rate in New York is given in the following table: Selling Quotes for Foreign Currencies in New York Country-Currency Contract SiForeign Currency Japanyen 0004664 30-day 0004765 90-day 0004767 Are arbitrage profiles possible? Set up an arbitrage scheme with your capital. What is the gain in dollars? Assuming no ansaction costs. the rates in Tokyo and New York are out of line. Therefore, arbitrage profits are possible The statement above is Select from the drop down menu