How a market trader can make an intermarket arbitrage

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Reference no: EM132652295

Problem 1: Assume the following quotes: USD1.5400/Pound, euro1.6000/Pound, and USD0.9700/euro. Calculate how a market trader with $1 million can make an intermarket arbitrage profit.

Select one:

a. $6,980.21

b. $7,792.21

c. $8,235.11

d. -$7,721.96

Reference no: EM132652295

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