Question
Considering the exchange rates in the table below and a quoted rate of 0.73 Brazil reals per China yuan, how much profit can you
"Considering the exchange rates in the table below and a quoted rate of 0.73 Brazil reals per China yuan, how much profit can you make using triangular arbitrage strategy and starting with 100 US dollars?" CURRENCY REAL DOLLAR YUAN YEN COUNTRY BRAZIL CANADA CHINA, P.R. JAPAN per US $ 5.1939 1.2455 6.4751 110.36
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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134519574, 9780134521046 , 978-0134519579
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