Question
Assume the following information: Exchange rate of Canadian dollar in US$ = $0.78 Exchange rate of Euro in US$ = $1.24 Exchange rate of Euro
Assume the following information:
Exchange rate of Canadian dollar in US$ = $0.78
Exchange rate of Euro in US$ = $1.24
Exchange rate of Euro in Canadian = C$1.65
The yield for an investor who has $1,000,000 available to conduct triangular arbitrage would exceed 5%
True or False?
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
8th Edition
0077606779, 978-0697789945
