Question
The exchange rates in New York for $1 are C$1.2675 and 0.6882. A dealer is offering the following quote: C$1 will buy 0.8722. What is
The exchange rates in New York for $1 are C$1.2675 and 0.6882. A dealer is offering the following quote: C$1 will buy 0.8722. What is the profit you can earn on $19,632 using triangle arbitrage?
Enter your answer round off two two decimal points.
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
