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You are given the following information of USD ($) and Euro ().Is there an arbitrage at these given prices? If there is an arbitrage opportunity,

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You are given the following information of USD ($) and Euro ().Is there an arbitrage at these given prices? If there is an arbitrage opportunity, calculate your arbitrage profit. (5 points) - Chapter 6 Exchange rate So ($/): current spot 1.60 F ($/): one year forward 1.58 Interest rate (annual) 2% is 4% ic

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