Question
From following 3 quotes, examine if any arbitrage gains are possible and if yes, calculate the possible gains for an initial investment of USD 1
From following 3 quotes, examine if any arbitrage gains are possible and if yes, calculate the possible gains for an initial investment of USD 1 million.
R = 0.5591 /$ in London
R = 1.4521 / in Frankfurt
R = 0.8128 /$ in New York
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Financial Markets And Institutions
Authors: Jeff Madura
9th Edition
1439038848, 978-1439038840
