Determine the arbitrage profits
Problem:
Suppose you observe the following direct spot quotations in New York and Toronto, respectively: 0.8000-30 and 1.2500-70. What are the arbitrage profits per $1 million?
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Suppose you observe the following direct spot quotations in New York and Toronto, respectively: 0.8000-30 and 1.2500-70. What are the arbitrage profits?
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