Question

$/Pound SFr/$ SFr/Pound
New York 00 1.00 -
London 2.00 - 3.00
Geneva - 1.00 3.00

Suppose that you are an arbitrageur that starts with $100 in New York. How much arbitrage profit can you make?

a. $0

b. $50

c. $100

d. $150

Answer

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