What would you do to earn a riskless profit

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Reference no: EM131022364

The NZ dollar to US dollar exchange rate is 1.36 NZD/USD, and the British Pound to US dollar exchange rate is 0.62 GBP/USD. If you find that the British Pound to New Zealand dollar exchange rate is 0.49 GBP/NZD, what would you do to earn a riskless profit?

Reference no: EM131022364

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What would you do to earn a riskless profit : The NZ dollar to US dollar exchange rate is 1.36 NZD/USD, and the British Pound to US dollar exchange rate is 0.62 GBP/USD. If you find that the British Pound to New Zealand dollar exchange rate is 0.49 GBP/NZD, what would you do to earn a riskless p..

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