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Problem:

Suppose you have $ 200000. Given the following exchange rates, can you find a profitable arbitrage opportunity? Explain each step and calculate the percentage return on your strategy. Please explain in detail and show your work.

EUR 0.863/USD

EUR1.460/GBP

USD1.694/GBP

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91145737

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