Is there any arbitrage opportunity describe the strategy
Suppose the euro is quoted at £0.6064-80 in London, and the pound sterling is quoted at €1.6244-59 in Frankfurt.
Is there any arbitrage opportunity? Describe the strategy and compute the arbitrage profit.
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suppose the euro is quoted at pound06064-80 in london and the pound sterling is quoted at euro16244-59 in frankfurtis
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