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The following exchange rates are available to you to buy or sell. Assume you have an initial amount of CHF10,000,000. Given the rates above, there

image text in transcribed The following exchange rates are available to you to buy or sell. Assume you have an initial amount of CHF10,000,000. Given the rates above, there ["+,"+] a possibility to make a gain via triangular arbitrage because the implied cross rate is ["'", "'", "'", "'"] and the quoted rate - To do so, you should follow these steps: - Sell ["'", "'", "'"] "'"] - Sell ["'", "'", "'" "'] - Sell ["'", "'", "'" "'] Bank. and buv ["'", "'", "'". at ["'", "'", "'"] from Mt. Blanc Bank. at and buv ["'". "'"' from Mt. Fuji Bank. and buv "'", "'". at ["'", "'", "'"] from Mt. Rushmore Consequently, the [," "'] would be ["'", "'", "'] The following exchange rates are available to you to buy or sell. Assume you have an initial amount of CHF10,000,000. Given the rates above, there ["+,"+] a possibility to make a gain via triangular arbitrage because the implied cross rate is ["'", "'", "'", "'"] and the quoted rate - To do so, you should follow these steps: - Sell ["'", "'", "'"] "'"] - Sell ["'", "'", "'" "'] - Sell ["'", "'", "'" "'] Bank. and buv ["'", "'", "'". at ["'", "'", "'"] from Mt. Blanc Bank. at and buv ["'". "'"' from Mt. Fuji Bank. and buv "'", "'". at ["'", "'", "'"] from Mt. Rushmore Consequently, the [," "'] would be ["'", "'", "']

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