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AUD/USD = 1.1561 JPY/USD = 125.6 JPY/GBP = 229.6 GBP/EUR = 0.6965 EUR/AUD = 0.7105 (a) Is there any opportunity for a five-point arbitrage?
AUD/USD = 1.1561 JPY/USD = 125.6 JPY/GBP = 229.6 GBP/EUR = 0.6965 EUR/AUD = 0.7105 (a) Is there any opportunity for a five-point arbitrage? (b) Any profit if you build a clockwise direction arbitrage strategy? Note you may choose to any one of five currency to start. e.g. If you choose to start from JPY->GBP->.... in this part, then you should choose...... >GBP->JPY in part (c). (c) Any profit if you build an anti-clockwise direction arbitrage strategy?
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Venture capital and the finance of innovation
Authors: Andrew Metrick
2nd Edition
9781118137888, 470454709, 1118137884, 978-0470454701
