Question: Question 3 The table below presents bid-ask quotes for Swiss Francs (SF) from several currency dealers around the world. London Hong Kong $0.7469-76 $0.7464-70 Currency

 Question 3 The table below presents bid-ask quotes for Swiss Francs

Question 3 The table below presents bid-ask quotes for Swiss Francs (SF) from several currency dealers around the world. London Hong Kong $0.7469-76 $0.7464-70 Currency Dealer in Bid/Ask Quotes for SF Zurich $0.7460-71 O Zurich; Increase: London; Increase: O London; increase: Zurich; decrease New York $0.7471-74 Based on the quotes below, as all traders use locational arbitrage to maximize profits, ask quote of the dealer will ... and bid quote of the dealer will New York: Increase: Hong Kong: decease: Hong Kong: increase: New York: decrease: 10 pts

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