Answer Happy

Question 41 The table below presents quotes and cross-quotes on BP and SF. Price for BP in Price for BP in New York (in $) London (in SF) $ 1.725 for 1 BP SF 2.55 for 1 BP The three steps which will create triangular arbitrage profit are as follows: first step, convert: second step, convert step, convert - Price for SF in Chicago (in $) $ 0.645 for 1 SF OS to BP: BP to SF; SF to $ OS to SF: SF to BP: BP to $ OS to BP; SF to BP: SF to $ OS to SF: BP to SF; BP to $ 10 pts , and third