Question
Below are the bid & ask rates for trading between the Euro, the Japanese Yen, and the Aussie Dollar: BID ASK YEN 128.71/EUR YEN 128.74/EUR
Below are the bid & ask rates for trading between the Euro, the Japanese Yen, and the Aussie Dollar:
BID ASK
YEN 128.71/EUR YEN 128.74/EUR
YEN 92.50/AUD YEN 92.52/AUD
AUD 1.3912/EUR AUD 1.3915/EUR
Is there an arbitrage profit available? How did you arrive at this conclusion?
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Analysis For Financial Management
Authors: Robert Higgins
6th Edition
0071181172, 9780071181174
