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USD was changed to Euro. Suppose you have the following quotes: Direct quote in France, /$: 1.25-27 Direct quote is the US, $/: 0.7874-8000 a.
USD was changed to Euro.
Suppose you have the following quotes: Direct quote in France, /$: 1.25-27 Direct quote is the US, $/: 0.7874-8000 a. Is there arbitrage opportunity? Why or why not? (2 points) b. If there is arbitrage opportunity, describe it. (1 point)Step by Step Solution
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