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Westpac Arbitrage Assume the following quotes, calculate how a market trader at Westpac with A $1,000,000 can make an inter-market arbitrage profit: Assumptions Exchange rate
Westpac Arbitrage Assume the following quotes, calculate how a market trader at Westpac with A $1,000,000 can make an inter-market arbitrage profit: Assumptions Exchange rate Westpac quote: A$/pound (A$/) 1.8400 National Westminster quote: euros/pound (/) 1.4600 Deutsche Bank quote: A$/euro (A$/) 1.1800 Initial investment A$ 1,000,000.00
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