Question
A dealer has PKR 100 million and receives the following rates of foreign exchange from the market. Find out how dealer can earn maximum arbitrage
A dealer has PKR 100 million and receives the following rates of foreign exchange from the market. Find out how dealer can earn maximum arbitrage profit in FX market transaction. Solve and explain step by step.
USD/PKR138/139
GBP/PKR199/201
GBP/USD1.2729/35
EURO/GBP 1.1520/33
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
