Answer:
Hence, the quote that should be listed in the newspaper is 102.024
Explanation:
The computation of the quote that should be listed in the newspaper is shown below:
Quote would be listed is
= $10,275 ÷ $10,000 × 100
= 102.75
= 102 : 0.75 × 32
= 102.024
Hence, the quote that should be listed in the newspaper is 102.024
hence, the same is to be considered by taking all the information given in the question
The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known as arbitrage. This statement is true.
<h3>What Is Arbitrage?</h3>
The arbitrage approach, used in foreign exchange trading, allows investors to lock in profits by simultaneously buying and selling the same security, good, or currency on two different marketplaces. By using this strategy, traders can profit from the disparities in pricing for the same asset across the two different regions that are represented on each side of the trade.
Arbitrage is the practice of purchasing an underpriced security and selling an equivalently-priced asset until the prices converge. Trading on illegal insider knowledge may result in abnormal profits even if the efficient market theory is accurate in a semi-strong sense.
To know more about Arbitrage, refer:
brainly.com/question/16178885
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B is the answer <span>B- the rate remains the same , even if income increases or decreases
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