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INTERNATIONAL FINANCE

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?

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

$2.19