Spot [/S) bid $1. 1843/8 Ask $ 1. 28:49/15 A speculator buys $ 1. 000. The dealer receives ! 1 ) $ 8:41.4 6 1 5778.3 [ ) $ 1788.9 1000 1.2649 ` ) $

Please solve step by step i need steps also this is finance

Spot [/S) bid $1. 1843/8 Ask $ 1. 28:49/15A speculator buys $ 1. 000. The dealer receives !1 ) $ 8:41.46 1 5778.3[ ) $ 1788.910001.2649` ) $ 559.0=e ) none of the above2)opportunity ?”Spot Yen 200/5 . Fir. = Yen Says . Farr = Yen 250/5. Does this present an arbitrage` ) NOb ) Y’es3) (5 points ) You observe the following :”So = Y’en 125/5. IRVINLE = 230XX/YR. SO = DM 0. 65/ POUND.joy = 1. 270/YR. FIVE = Yen 125/15SO = RUBLE TODD/’S. IYEN = DX TV’T .Dollar must beIn equilibrium , the expected spot rate for RUBLE’S ( in 1 Y’R ) expressed as Rubles perRubleS. This means that against the Euro :The spot rate last year was $ 1/5. Over the last year the Euro devalued by 25% against thea ) $ got stronger by 20%b ) $ got stronger by 25%C ) $ got stronger by 33.3%` ) $ got stronger by 38. 2%e ) none of the above .

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