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1 USD = 5.4 BRL (BRL: Brazilian Real) 1 AUD = 0.72 USD (AUD: Australian Dollar) 1 AUD = 4 BRL Is there triangular arbitrage
1 USD = 5.4 BRL (BRL: Brazilian Real) 1 AUD = 0.72 USD (AUD: Australian Dollar) 1 AUD = 4 BRL Is there triangular arbitrage opportunity? How much would the arbitrage profit be if you have $1 million USD to start with? What market forces would occur to eliminate any further possibilities of triangular arbitrage
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Sport Finance
Authors: Gil Fried, Timothy D. DeSchriver, Michael Mondello
4th Edition
1492559733, 978-1492559733
