Question
Assume the bid rate of a New Zealand dollar is $0.330 while the ask rate is $0.335 at Bank X. Assume the bid rate of
Assume the bid rate of a New Zealand dollar is $0.330 while the ask rate is $0.335 at Bank X. Assume the bid rate of the New Zealand dollar is $0.320 while the ask rate is $.325 at Bank Y. Given this information, what would be your gain if you use $1,000,000 and execute locational arbitrage?
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The Socionomic Theory Of Finance
Authors: Robert R. Prechter
1st Edition
0977611256, 978-0977611256
