Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 01 Nov 2017 My Price 5.00

Barclays in London

9. A corporate treasury working out of Austria with operations in New York, simultaneously calls Citibank in New York City and Barclays in London. The banks give the following quotes on the euro simultaneously.

Citibank NYC

Barclays London

$0.8464-74/Ac‚¬

$0.8437-57/Ac‚¬

a. Using $1 million (or its euro equivalent), show how the corporate treasury could make geographic arbitrage profit with the two different exchange rate quotes. b. Suppose the banks update their quotes to the following:

Citibank NYC

Barclays London

$0.8454-71/Ac‚¬

$0.8440-62/Ac‚¬

Is there still an arbitrage opportunity? Why or why not?

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Nov 2017 10:11 PM My Price 5.00

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