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In New York, you can exchange $1 for 0.8639 or 0.6119. Suppose that, in Berlin, 1 costs 1.2303. How much profit can you earn on
In New York, you can exchange $1 for 0.8639 or 0.6119. Suppose that, in Berlin, 1 costs 1.2303. How much profit can you earn on $28,054 using triangle arbitrage?
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Cases In Financial Management
Authors: I.M. Pandey
3rd Edition
0071333428, 978-0071333429
