How much of an arbitrage profit you can make if you have


European quotes of Euro are Eur0.86/US$ in Paris and Eur0.97/US$ in NYC. In which location is the Euro cheap, and in which location is the Euro expensive? How much of an arbitrage profit you can make, if you have $1,000 to invest?

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Business Management: How much of an arbitrage profit you can make if you have
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