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if correct i will give thunbs up Suppose Strayer Bank is a U.S.-based financial intermediary that serves the foreign exchange market. Assume that this Bank
if correct i will give thunbs up
Suppose Strayer Bank is a U.S.-based financial intermediary that serves the foreign exchange market. Assume that this Bank is willing to both purchase and sell currency for the same rate. In other words, there is no bid/ask spread. Suppose Strayer has made the following direct quotations: Additionally, Strayer has quoted a cross-exchange rate of 1 curo =2.02 pesos. After exchanging euros for pesos, the last step in triangular arbitrage is to exchange those pesos for dollars. If you exchange your 36,727,28 for doliars from Strayer, you would receive This represents a profit of Step by Step Solution
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