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A dealer provides the following quotes: CNY/HKD 0.8422 CNY/ZAR 0.9149 CNY/SEK 1.0218 Another dealer is quoting the ZAR/SEK cross- rate at 1.1210. The arbitrage profit
A dealer provides the following quotes: CNY/HKD 0.8422 CNY/ZAR 0.9149 CNY/SEK 1.0218 Another dealer is quoting the ZAR/SEK cross- rate at 1.1210. The arbitrage profit that can be earned is: ZAR 3671 per million SEK traded. SEK 4200 per million ZAR traded ZAR 4200 per million SEK traded
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Payroll Accounting
Authors: Bernard J. Bieg, Judith A. Toland
2013 edition
978-1133962533
