Question
Chelsea has $10,000. The following quotations are available to her for US dollars ($), Convertible Marka (KM), and Swiss Francs (SF). She may either buy
Chelsea has $10,000. The following quotations are available to her for US dollars ($), Convertible Marka (KM), and Swiss Francs (SF). She may either buy or sell at the stated rates:
U.S. Bank: $1.25/SF
Bosnia Bank: $4.40/KM
Swiss Bank: SF3.45/KM
What is Chelseas arbitrage profit assuming a triangle arbitrage is possible?
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The Handbook Of Mergers And Acquisitions
Authors: David Faulkner, Satu Teerikangas, Richard J. Joseph
1st Edition
0199601461, 978-0199601462
