Question
In New York, you can exchange $1 for 0.8353 or 0.6354. Suppose that, in Berlin, 1 costs 1.1727. How much profit can you earn on
In New York, you can exchange $1 for 0.8353 or 0.6354. Suppose that, in Berlin, 1 costs 1.1727. How much profit can you earn on $13,146 using triangle arbitrage?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
