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I know the answer is Arbitrage Profit= HKD 0.0008 but I do not know how to get there. Thank you! Problem 3 You are given
I know the answer is "Arbitrage Profit= HKD 0.0008" but I do not know how to get there. Thank you!
Problem 3 You are given the following rates. Are there arbitrage opportunities? If so, what is the arbitrage profit? S(HKD/PHP) S(THB/HKD) Cross-rate S(PHP/THB) Bid 0.1498 3.9898 1.6745 Ask 0.1507 3.9901 1.6750Step by Step Solution
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