Question
Suppose you observe the following exchange rates: 1 = $.7; 1 = $1.40; and 2.20 = 1.00. Starting with $1,000,000, how can you make money?(Answer:
Suppose you observe the following exchange rates: 1 = $.7; 1 = $1.40; and 2.20 = 1.00. Starting with $1,000,000, how can you make money?(Answer: get first. Your profit is $100,000)
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
