Question
Assume that we have the following information: 1) $0.90 USD for 1 CND (Canadian dollar) 2) One USD is worth 3.33 New Zealand dollar (NZD)
Assume that we have the following information:
1) $0.90 USD for 1 CND (Canadian dollar)
2) One USD is worth 3.33 New Zealand dollar (NZD)
3) NZ$3.02 for one CND (Canadian dollar)
a) Do we have a triangular opportunity?
b) If observing an arbitrage opportunity, what will be our profit for a $1 million(USD) investment?
c) what are the impacts of those transactions?
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Financial Markets And Institutions A Modern Perspective
Authors: Anthony Saunders, Marcia Millon Cornett, Marcia Cornett
2nd Edition
007294109X, 978-0072941098
