Explore BrainMass

Explore BrainMass

    1. Business
    2. Finance
    3. International Finance
    4. 27108

    INTERNATIONAL FINANCE

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    SUPPOSE ONE OBSERVED THE FOLLOWING DIRECT SPOT QUOTATIONS IN NEW YORK AND LONDON,RESPECTIVELY:1.2500-60 AND .8000-50.WHAT IS ARBITRAGE PROFITS PER 1MILLION EQUAL?

    © BrainMass Inc. brainmass.com March 4, 2021, 6:04 pm ad1c9bdddf
    https://brainmass.com/business/international-finance/international-finance-27108

    Solution Preview

    For arbitrage opportunity:
    Either Selling in New York > Buying in London ---------1
    Or Selling in London > buying in New ...

    $2.49

    ADVERTISEMENT

    Related BrainMass Content

    ADVERTISEMENT