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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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
