Question
Triangular arbitrage.Great Exchanges, Inc. is a currency exchange company located at most international airports. Today, a clerk has made a mistake on one of the
Triangular arbitrage.Great Exchanges, Inc. is a currency exchange company located at most international airports. Today, a clerk has made a mistake on one of the currency exchanges and has posted the following rates:
| $ for | for | for $ | for $ | for | $ for |
| 0.5325 | 1.4815 | 1.3337 | 1.8779 | 1.0150 | 0.7498 |
Which corresponding rates do not match? If you have
$100,
how much would you make on one pass through the currencies if you went the wrong way for the arbitrage?
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
10th Edition
1439898189, 978-1439898185
