Both lloyd and harry are claiming patent protection for the same invention that each independently created. the rights to protection will be awarded to the first to have his application approved. the first to bring the invention to the public realm. the one who actually completed the invention first. the first to file an application for the patent.

4. assume you can buy 52 british pounds with 100 canadian dollars. how much profit can you earn on a triangle arbitrage given the following rates if you start out with 100 u.s. dollars? 5. assume the spot rate on the canadian dollar is c$1.1847. the risk-free nominal rate in the u.s. is 5 percent while it is only 4 percent in canada. what one-year forward rate will create interest rate parity?