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You have $19,000 and observe the following exchange rates: what is your profit from exploiting the opportunity once in $? Exchange rate Bid Ask Value
You have $19,000 and observe the following exchange rates:
- what is your profit from exploiting the opportunity once in $?
| Exchange rate | Bid | Ask |
|---|---|---|
| Value of euro in U.S. dollars | $1.16 | $1.17 |
| Value of Swiss franc in U.S. dollars | $0.98 | $0.99 |
| Value of euro in Swiss francs | CHF1.13 | CHF1.14 |
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Handbook Of Hedge Funds
Authors: François-Serge Lhabitant
1st Edition
0470026634, 978-0470026632
