An investor is examining exchange rates in london and new, Financial Management

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An investor is examining exchange rates in london and new

An investor is examining exchange rates in London and New York. For simplicity, all rates are quoted versus the U.S. dollar.

In New York: the euro rate is $1.25 and the Yen rate is 110 Yen. In London: the euro rate is $1.20 and the Yen rate is 105 Yen.

If you were looking to buy euro, where would you buy it?

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Financial Management: An investor is examining exchange rates in london and new

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