Arbitrage Illustration 10
Consider following spot quotations:
1.4960/1.4975Â Â Â Â Â Â Â Â Â Â Â Â SFr per US$Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Zurich Bank
0.6685/0.6690            US$ per SFr               Bank of New York
If there any arbitrage-gains possible, calculate it for USD 1 million.
(Ans.: Thus gain of 76 US $)
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