Suppose Air France receives the following indirect quotes in New York: 0.92 3 and 0.63
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Suppose Air France receives the following indirect quotes in New York: €0.92 − 3 and £ 0.63 − 4. Given these quotes, what range of £/€ bid and ask quotes in Paris will permit arbitrage?
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Triangular arbitrage can take place in either of two ways 1 Convert from euros to dollars at the ask ...View the full answer
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