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How could make profit of such arbitrage situations

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Reference no: EM132667463

Suppose the Canadian dollar is currently traded at 1.30 CAD/USD. The Norwegian crone is traded at 10 NOK/USD. Ignoring transaction costs:

Problem 1: Determine the CAD/NOK exchange rate

Problem 2: Suppose the CAD/NOK cross rate in the market was at 0,15 CAD/NOK. Is there any arbitrage opportunity? How could you make profit of such arbitrage situations?

Reference no: EM132667463

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