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Hugglers is a trader from United States and he is planning to make profit on the differences of interest rate in Europe. He has US
Hugglers is a trader from United States and he is planning to make profit on the differences of interest rate in Europe. He has US $300,000 to invest. Following are the information he collected from bank: The 180-day interest in United States are 6 percent, while in Europe are 8 percent. Calculate the profit earn by Hugglers by conduct covered interest arbitrage
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Financial Management Principles And Practices
Authors: Timothy J. Gallagher
9th Edition
1954156103, 978-1954156104
