Question
In New York, you can exchange $1 for 0.8862 or 0.6793. Suppose that, in Berlin, 1 costs 1.2251. How much profit can you earn on
In New York, you can exchange $1 for 0.8862 or 0.6793. Suppose that, in Berlin, 1 costs 1.2251. How much profit can you earn on $41,974 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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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
