Question
2. Identify all three triangular arbitrage opportunities and calculate their arbitrage profit among the following three currencies. You may start with a 1,000,000 units of
2.Identify all three triangular arbitrage opportunities and calculate their arbitrage profit among the following three currencies. You may start with a 1,000,000 units of the initial currency and round your calculations up to two decimals.
|
| Exchange rate |
| Bank A | USDMXN 18.68 |
| Bank B | USDCAD 1.3022 |
| Bank C | CADMXN 15 |
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
