Suppose the euro is quoted at 06786-98 in london and the


Suppose the euro is quoted at 0.6786-98 in London, and the pound sterling is quoted at 1.4724-70 in Frankfurt. Is there an arbitrage opportunity? If there is, how much is the percentage profit from the arbitrage? Please show work.

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Financial Management: Suppose the euro is quoted at 06786-98 in london and the
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