Question
If the direct price of the dollar is DM 2.5 in 1990 Frankfurt and transaction costs were .4% of the amount transacted, then the minimum-maximum
If the direct price of the dollar is DM 2.5 in 1990 Frankfurt and transaction costs were .4% of the amount transacted, then the minimum-maximum direct quotes for the DM in New York were?
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Lets assume direct quote for DM in New york is Q So lets assume a tra...
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Elementary Statistics
Authors: Mario F. Triola
12th Edition
0321836960, 978-0321836960
