Solution-Describe how would exploit

Describe how would exploit

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Problem 1: A local bank is offering a special loan to new customers. You can borrow $1,000 today, and pay back $1,015 one year from today. However, you also notice that another local bank is offering to pay 2% on deposits. There is a profit (arbitrage) opportunity here. Describe how you would exploit it.

Reference no: EM132698477

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Describe how would exploit

Reference no: EM132698477

Reference no: EM132698477

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