Back to Assignment Attempts 4. Arbitrage and spot exchange rates -1.618 Suppose you trade dollars and euros for a bank that has branches in New York and Rome. You can electronically transfer the funds between the two branch locations at no cost, and trading commissions are negligible. The current dollar-per-euro exchange rate in New York is a -1.5861. RO while in Rome, it is FR You can make a profit for the bank if you buy euros in Average/2 E BUR will Assuming other foreign exchange traders face the same exchange rates you do, they will buy dollars in As a result, the dollar-per-euro exchange rate in Rome (UR 24 and sell them in and sell them in and the dollar per euro exchange rate in New York ( Grade It Now prt se P10 Save & Continue Continue without saving home P11 end FIB ENG Insert 09:42 pm 09/11/2023