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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Finance Basics: What transactions should united states arbitrageur undertake
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