Oolong Tea Is Produced In China And Sold In Many Countries. In The Province Of Fujian, Per 100 Grams Of Oolong Tea Sells For 50 Yuan. In Kuala Lumpur, Per 100 Grams Of The Same Oolong Tea Sells For RM20. Suppose That The Exchange Rate Is RM0.45 = 1 Yuan.

匿名用户最后更新于 2021-11-29 14:46 经济Economics

Oolong tea is produced in China and sold in many countries. Inthe province of Fujian, per 100 grams of Oolong tea sells for 50yuan. In Kuala Lumpur, per 100 grams of the same Oolong tea sellsfor RM20. Suppose that the exchange rate is RM0.45 = 1 yuan.

Please do the following calculations based on the aboveinformation:

1. How much would it cost in Malaysian currency to buy the teain Fujian?

2. How much would it cost in China currency to buy the tea inKuala Lumpur?

3. Is there an arbitrage opportunity?

4. If there is an arbitrage opportunity, where would you buy andwhere would you sell? How much profit could you expect on a per 100grams package?

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Oolong Tea Is Produced In China And Sold In Many Countries. In The Province Of Fujian, Per 100 Grams Of Oolong Tea Sells For 50 Yuan. In Kuala Lumpur, Per 100 Grams Of The Same Oolong Tea Sells For RM20. Suppose That The Exchange Rate Is RM0.45 = 1 Yuan.

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