Question 2 The table below presents bid-ask quotes for Swiss Francs (SF) from several currency dealers around the world. Currency Dealer in Bid/Ask Quotes for SF O 500 O 669 The maximum profit a currency speculator, with access to $5,000,000, can make in one round trip locational arbitrage transaction is $ O 865 Zurich Hong Kong $0.7460-71 $0.7471-74 O 5,000 London $0.7469-76 New York $0.7464-70

The table below presents bid-ask quotes for Swlss Francs (SF) from sevoral cuirmen dawn pund the world. The maximum profit a currency speculator, with access to $5,000,000, can make in one round trip locational arbitrage transaction is $ 500 869 865 5,000