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Please explain in details because I do not know whether use Citibank divide Dresedner compare with Barclay or Citibank divide Barclay compare with Dresdner and
Please explain in details because I do not know whether use Citibank divide Dresedner compare with Barclay or Citibank divide Barclay compare with Dresdner and so on ..........
The following exchange rates are quoted for Japanese Yen (JPY). U.S. Dollar(USD), and Swiss Franc (CHF), You can buy or sell at the stated rate, i.e., ignore the bid-ask spread. Assume you have an Initial CHF 10,000,000 Show steps and calculate the amount of arbitrage profit in Swiss francs Do not use the try-and-error method. In other words, conclude what should be done firstStep by Step Solution
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