Question
Assume that there is no transaction cost and you observe the following quotation: 1. USD/HKD: 0.1250 2. JPY/USD: 116.20 3. HKD/JPY: 0.062 Assuming that you
Assume that there is no transaction cost and you observe the following quotation:
1. USD/HKD: 0.1250
2. JPY/USD: 116.20
3. HKD/JPY: 0.062
Assuming that you have HKD 10,000,000, after 1 round of arbitrage, you will have about:
A.
HKD 11,350,000
B.
HKD 10,550,000
C.
HKD 10,930,000
D.
HKD 11,130,000
E.
HKD 11,450,000
F.
HKD 11,560,000
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Beyond Greed And Fear Understanding Behavioral Finance And The Psychology Of Investing
Authors: Hersh Shefrin
1st Edition
0195161211, 978-0195161212
