Question
Inspired by his recent trip to the Great Pyramids, Citibank trader Ruminder Dhillon wonders if he can make an intermarket arbitrage profit using Libyan dinars
Inspired by his recent trip to the Great Pyramids, Citibank trader Ruminder Dhillon wonders if he can make an intermarket arbitrage profit using Libyan dinars and Saudi riyals. He has $1,000,000 to work with, so he gathers the following quotes:
| Citibank quotes U.S. dollar per Libyan dinar: | $1.9324/LYD | |
| National Bank of Kuwait quotes Saudi riyal per Libyan dinar: | SAR 1.9405/LYD | |
| Barclay quotes U.S. dollar per Saudi riyal: | $0.2667/SAR |
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
