Question: help with question 4 please Quoted currency in U.S. 1 $1.32 $1.32 1 6 1 $1.123 $1.125 1 1.173 1.171 1. Find appropriate cross exchange
Quoted currency in U.S. 1 $1.32 $1.32 1 6 1 $1.123 $1.125 1 1.173 1.171 1. Find "appropriate cross exchange rates" (use five decimal points) (1pt) a. Bid price for the value of in terms of = ? b. Ask price for the value of in terms of = ? c. Bid price for the value of in terms of = ? d. Ask price for the value of in terms of = ? I 2. What is the quoted cross exchange rate in U.S. for of in terms of ? (use five decimal points) (0.5 pts) a. Quoted cross exchange rate of the Bid price in U.S. for the value of in terms of ? b. Quoted cross exchange rate of the Ask price in U.S. for the value of in terms of ? 3. Do we have an arbitrage opportunity? If so, which direction do we go? (0.5 pts) 4. If you have $100,000 and follow the direction in the question 3, how much profits can you make? (use two decimal points) (1pt)
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