Question
You can buy and sell currency at the following exchange rates: USD 0.047/ MXN , MXN 17.25/ CAD , USD 0.79/ CAD 1A. Is there
You can buy and sell currency at the following exchange rates:
USD 0.047/MXN, MXN 17.25/CAD, USD 0.79/CAD
1A. Is there an arbitrage in these exchange rates? Please provide evidence for your answer.
1B. If you start out with USD 100,000, what trades would you make to take advantage of any arbitrage you find? How many USD would you end up with?
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Day Trading Cardinal Rules For Passive Income
Authors: Brian Stclair
1st Edition
1539480313, 978-1539480310
