Question
Suppose you observe the following quotes: London - $1.5/ New York - 1.2/$ Amsterdam - 2.0/ Is there a Triangular Arbitrage opportunity? If so,
Suppose you observe the following quotes: London - $1.5/ New York - 1.2/$ Amsterdam - 2.0/ Is there a Triangular Arbitrage opportunity? If so, how can you make money if you were an American investor with $1000 to invest? What is the percentage return on capital for the American investor if there was a profit? What about if you were a British investor with 500?
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Income Tax Fundamentals 2013
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