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Spot rate of EUR/USD: 1.1180 and GBP/USD: 1.5363 quoted in New York.
(i) What would be the price of GBP/EUR in New York?
(ii) If the GBP/EUR was quoted in Austria at GBP/EUR at 1.30, do you have an arbitrage opportunity?
(iii) If you have, from which market you will buy GBP and sell in which market at which price?
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