Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 26, 2024

please check my answer Assume the bid rate of a Swiss franc is $0.430 while the ask rate is $.475 at Bank X. Assume the

please check my answer

Assume the bid rate of a Swiss franc is $0.430 while the ask rate is $.475 at Bank X. Assume the bid rate of the Swiss franc is $.460 while the ask rate is $0.404 at Bank Y. Given this information, what would be your gain if you use $4,500,000 and execute locational arbitrage?

Answer = 289,603.96

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Statistics

Authors: Mario F. Triola

12th Edition

0321836960, 978-0321836960

Students also viewed these Finance questions

Question

★★★★★

The management of Utrillo Instrument Company had concluded, with the concurrence of its independent auditors, that results of operations would be more fairly presented if Utrillo changed its method...

Answered: 1 week ago

Question

★★★★★

Examine causal comparative and correlational research using the questions for critical analysis presented at the end of the chapter.

Answered: 1 week ago

Question

★★★★★

A portfolio consists of the following four stocks. What is the expected return of theportfolio? Current Expected Return Stock Market Value s 180,000 145,000 452,000 223,000 $1,000,000 8% 10 12

Answered: 1 week ago

Question

★★★★★

AA Franklin Gothic Me... 11 25 Wrap Text III 11 lili ilillll V Paste Merge & Center a. Av BLUE fx F2 . A H Tesla Worksheet for IRR, NPV and PV of Bonds IRR and NPV PV of Bonds Discount Rate 10%...

Answered: 1 week ago

Question

★★★★★

Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2023: Note: Loss amounts should be indicated by a minus sign. Stock Date Purchased Basis Date Sold Amount...

Answered: 1 week ago

Question

★★★★★

Define Decision making

Answered: 1 week ago

Question

★★★★★

What are the major social responsibilities of business managers ?

Answered: 1 week ago

Question

★★★★★

What are the skills of management ?

Answered: 1 week ago

Question

★★★★★

Which of these chemicals is used as a water softening agent? [A] Baking soda [B] Washing soda [C] Bleaching powder [D] Slaked lime

Answered: 1 week ago

Question

★★★★★

Which of these chemicals is used to form soaps containing sodium salts? [A] Sulphuric acid [B] Sodium hydroxide [C] Nitric acid [D] Carbonic acid

Answered: 1 week ago

Question

★★★★★

What would be a good closing paragraph to end the paper concerning Targets net liabilities and net tangible assets?

Answered: 1 week ago

Previous Question Next Question