Use the Following Information About the Spot Exchange Rates to Answer

question 37

Multiple Choice

Use the following information about the spot exchange rates to answer the questions 18 - 20.
Suppose that the spot exchange rates for British pound quoted in two locations are:

-Suppose that you have £1 million,how much arbitrage profit can you make?

• A) £-30,674.85
• B) £12,658.23
• C) £31,627.64
• D) £51,612.90

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