Question
Is intermarket arbitrage possible with the following exchange rates? If so, calculate your profit when you start with 10 000 CAD. Bid. Ask Bank 1.
Is intermarket arbitrage possible with the following exchange rates? If so, calculate your profit when you start with 10 000 CAD.
Bid. Ask
Bank 1. 84.650 87.478JPY/CAD
Bank 2 85.578 85.978JPY/CAD
Bank 3 0.01136 0.01160CAD/JPY
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Financial Management For Decision Makers
Authors: Peter Atrill, Paul Hurley
2nd Canadian Edition
138011605, 978-0138011604
