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Suppose the spot exchange rates are 102 = $1 and 1 = $1.57. Also suppose the cross-rate is 159= 1. What is the arbitrage profit
Suppose the spot exchange rates are 102 = $1 and 1 = $1.57. Also suppose the cross-rate is 159= 1. What is the arbitrage profit per one U.S. dollar?
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Managerial Accounting
Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson
9th Edition
0538842822, 978-0538842822
