Question
You have $180,000. Below are quotes for the Japanese yen from two banks: Bank Bid Ask Alpha Bank $0.00976 $0.00979 Delta Bank $0.00982 $0.00987 Attempt
You have $180,000. Below are quotes for the Japanese yen from two banks:
| Bank | Bid | Ask |
| Alpha Bank | $0.00976 | $0.00979 |
| Delta Bank | $0.00982 | $0.00987 |
Attempt 1/10 for 10 pts.
Part 1
How many yen can you buy?
Part 2
How many dollars will you get from selling the yen?
Part 3
What is your profit from exploiting this opportunity once (in $)
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The Sterling Bonds And Fixed Income Handbook
Authors: Mark Glowrey
1st Edition
0857190423, 978-0857190420
