Question: - Two banks give the quotes below at the same time on the euro. (25 Marks) Using $1 million or its euro equivalent, show whether

- Two banks give the quotes below at the same time

- Two banks give the quotes below at the same time on the euro. (25 Marks) Using $1 million or its euro equivalent, show whether the corporate treasury could make spatial arbitrage profit with the two different exchange rate quotes. Citibank NYC $0.9051-61/ Barclays London- $0.9045-75/ (Total 100 Marks)

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