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Intro You have $120,000. Below are quotes for the Japanese yen from two banks: Bank Bid Ask Alpha Bank $0.00899 $0.00902 Delta Bank $0.00905 $0.0091
Intro
You have $120,000. Below are quotes for the Japanese yen from two banks:
| Bank | Bid | Ask |
| Alpha Bank | $0.00899 | $0.00902 |
| Delta Bank | $0.00905 | $0.0091 |
Attempt 1/2 for 5 pts.
Part 1
How many yen can you buy?
Part 2
How many dollars will you get from selling the yen?
Part 3
What is your profit from exploiting this opportunity once (in $)?
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