Abitibi Bank quotes JPY/EUR 155-165, and Bathurst Bank quotes EUR/JPY 0.00590.0063. (a) Are these quotes identical? (b)

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Abitibi Bank quotes JPY/EUR 155-165, and Bathurst Bank quotes EUR/JPY 0.00590.0063.

(a) Are these quotes identical?

(b) If not, is there a possibility for shopping around or arbitrage?

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International Finance Putting Theory Into Practice

ISBN: 978-0691136677

1st edition

Authors: Piet Sercu

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Question Posted: Aug 07, 2017 09:42 AM

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Abitibi Bank quotes JPY/EUR 155-165, and Bathurst Bank quotes EUR/JPY 0.00590.0063. (a) Are these quotes identical? (b)

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a No Abitibi Banks quotes imply EUR JPY 00061 00065 b Since both ...View the full answer

International Finance Putting Theory Into Practice

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