Assume the interest rate is 16% on pounds sterling and 7% on euros. at the same time, inflation is running at an annual rate of 3% in france and 9% in england. if the euro is selling at a one-year forward premium of 10% against the pound, is there an arbitrage opportunity
the answer is: banks and other financial institutions
banks and other financial institutions tend to like to put their investment on experienced entrepreneurs that manage business with large profits. young owners of a sole proprietorship would be seen as a risky investment with very little return.
the best shot that those young owners have to accumulate their capital would be from angel investors or from friends/family.
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