As a foreign exchange trader, you see the following quotes for Euro, USD and Pound. USD 1.3532/GBP, EUR 1.1184/GBP, and

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answerhappygod
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As a foreign exchange trader, you see the following quotes for Euro, USD and Pound. USD 1.3532/GBP, EUR 1.1184/GBP, and

Post by answerhappygod »

As a foreign exchange trader, you see the following quotes for
Euro, USD and Pound. USD 1.3532/GBP, EUR 1.1184/GBP, and EUR
0.7520/USD. If there is an arbitrage opportunity, what is the rate
of return of your risk-free profit?
Select one:
a.
9.90%
b.
10.38%
c.
8.92%
d.
10.03%
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