You own $10000. The dollar rate in Zurich is 2.0183 Franc/$. The Franc rate in New York is given in the table below

COUNTRY CONTRACT $ / FOREIGN CURRENCY

Canadadollar Spot 0.8437

30-day 0.8417

90-day 0.8395

Japanyen Spot 0.004684

30-day 0.004717

90-day 0.004781

Switzerlandfranc Spot 0.5139

30-day 0.5169

90-day 0.5315

Is arbitrage profit possible? Set up an arbitrage scheme with your capital. What is the gain (loss) in dollars?

You own $10000. The dollar rate in Zurich is 2.0183 Franc/$. The Franc rate in New York is given in the table below COUNTRY CONTRACT $ / FOREIGN CURRENCY Canada-dollar Spot 0.8437 30-day 0.8417 90-day 0.8395 Japanyen Spot 0.004684 30-day 0.004717 90-day 0.004781 Switzerland-franc Spot 0.5139 30-day 0.5169 90-day 0.5315 Is arbitrage profit possible? Set up an arbitrage scheme with your capital. What is the gain (loss) in dollars? Yes, $296.24 gain Yes, $372.04 gain Yes, $348.04 gain