A British investor with a capital of 1,000,000 would try to chase an arbitrage opportunity based on
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Question:
- A British investor with a capital of £1,000,000 would try to chase an arbitrage opportunity based on the data below.
London € / £ 0.8044 / 0.8065
New York £ / $ 1.6275 / 1.6290
Frankfurt € / $ 1.2810 / 1.2840
If the investor wants to start arbitrage by selling £1,000,000 in New York, what would be the profit?
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