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#3 1 unit of Currency A costs 1.51 units of Currency B, 1 unit of Currency B costs 0.66 units of Currency C, and 1
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1 unit of Currency A costs 1.51 units of Currency B, 1 unit of Currency B costs 0.66 units of Currency C, and 1 unit of Currency C costs 1 units of Currency A. Assume that you are starting out with 1,000,000 units of Currency A and that there are no transaction costs. How much money will you make in one set of triangular arbitrage transactions? Round to the nearest unit of Currency A Step by Step Solution
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The Handbook Of Financial Modeling
Authors: Jack Avon
1st Edition
1430262052, 978-1430262053
