What transactions should united states arbitrageur undertake
An United States arbitrageur got the following quotes:
New York: £1 = $1.6895 Euro 1 = $1.1797 Frankfurt: £1 = Euro 1.4629
Do you see any arbitrage opportunities? If so, what transactions should the United States arbitrageur undertake?
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New York: £1 = $1.6895 Euro 1 = $1.1797 Frankfurt: £1 = Euro 1.4629. Do you see any arbitrage opportunities? If so, what transactions should the United States arbitrageur undertake?
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