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31) Answer questions based on excahnge rate quotations below. Deutsche Bank $:£ Credit Lyonnais e Credit Agricole €/£ Bid $1.
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Answer #1

No arbitrage opportunity exists. Kindly refer to the image for the solution of both the parts.Let us take out the $/ € Bid rate by using the cross rate of $/ € and €/ h Bids. $%£ Bid rate = $*- $/E route e E - 1.0500) x

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