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Suppose an investor observes the following spot quotes from the bank ( assume the bid - ask spread is zero here ) : Yen /
Suppose an investor observes the following spot quotes from the bank assume the bidask spread is zero here:
Yen$ $
Thai Baht$ TB $
YenBhat Yen Baht
If an investor has $ million to apply toward Triangular arbitrage activities, would triangular arbitrage be profitable? If so what would be the profit?
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