Question
An investor has looked at the quotes that two banks provide for the USD / CAD exchange rate and wants to calculate the profit he/she
An investor has looked at the quotes that two banks provide for the USD / CAD exchange rate and wants to calculate the profit he/she would make through an arbitrage strategy with a budget of one million dollars: Bank A: 1.1202-18 Bank B: 1.0202-09 The profit that this investor can make (without taking into account the commissions) is:
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Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0078945801, 9780078945809
