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QID: #89368
Solution for QID #89368: In search of arbitrage profits in the forex market, you ring | StudyHelpMe
In search of arbitrage profits in the forex market, you ring ANZ bank and Commonwealth bank. Both are Australia commercial bank. These two banks offer you the following quotes for the USD at the same time:
UOB Bank
MYR/USD 1.1650-1.1670
HSBC Bank
MYR/USD 1.1640-1.1660
Illustrate your calculation start with RM1 million. Can you make an arbitrage profit with these quotes?
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