Question
You have $1,000,000. Can you use triangular arbitrage to generate a profit using the rates listed below? If so, explain the order of the transactions
You have $1,000,000. Can you use triangular arbitrage to generate a profit using the rates listed below? If so, explain the order of the transactions that you would execute, and the profit that you would earn
Bank A SFr 1.5971/$
Bank B A$1.8215/$
Bank C A$1.1440/SFr
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International Finance
Authors: Keith Pilbeam
2nd Edition
0333730976, 978-0333730973
