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w you to a wide with the Bark. From the quote screen on your computer terminal you notice that Droudnior Bank is quoting EUR USD

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w you to a wide with the Bark. From the quote screen on your computer terminal you notice that Droudnior Bank is quoting EUR USD at 12511 and Creole Suisse is a USDICHE 08857. You vouth UBS s malong a direct market between the Swiss Franc and the euro, with a current EURICHF of 1.1044. gore bild-as prads for this problem. Assume you have $5.000.000 with which to conduct the arbitrage. What is the profit or loss if you initially sell dolor for Swiss francs (in USD no cent)

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