Explore BrainMass

Explore BrainMass

    INTERNATIONAL FINANCE

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    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 December 24, 2021, 5:05 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