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Doug Bernard specializes in cross - rate arbitrage. He notices the following quotes: Swiss franc / dollar = SFr 1 . 5 9 7 9
Doug Bernard specializes in crossrate arbitrage. He notices the following quotes:
Swiss francdollar SFr$
Australian dollarUS dollar A $
Australian dollarSwiss franc A $
Required:
lgnoring transaction costs,
a Does Doug Bernard have an arbitrage opportunity based on these quotes?
Does Doug Bernard have an arbitrage opportunity based on these quotes?
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