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Question: can someone help me with these thank you...

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2. Suppose that you were given the following information about the exchange rates between British pounds (E), U.S. dollars (S) and Euro (): $2.41 = £1.00 in New York; € 1.02 = $1.00 in Londoni- € 1.70 = £1.00 in Geneva; a. If you begin by holding $1.00, how could you make a profit? b. What is the arbitrage profit per U.S. dollar initially traded? c. Briefly explain how arbitrage would tend to eliminate the profit opportunity. In what direction would you expect each of these bilateral exchange rates to move?
Can someone help me with these? Thank you!
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