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Assume you can exchange $1 for 110.23 or .86 in New York. In tokyo, the exchange rate is 1= .009. If you have $900,
Assume you can exchange $1 for 110.23 or .86 in New York. In tokyo, the exchange rate is 1= .009. If you have $900, how much profit can you earn using triangle arbitrage?
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
15th edition
130563229X, 978-1305632301, 1305632303, 978-0357685877, 978-1305886902, 1305886909, 978-1305632295
