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    INTERNATIONAL FINANCE

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    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

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