New york pound1 16895 euro 1 11797 frankfurt pound1 euro

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Reference no: EM13566208

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?

Reference no: EM13566208

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