Question
You notice the following quotes in the foreign exchange market: $.006/ 1.25/$ ACR:.005/ Find the maximum triangular arbitrage profit available to you (in dollars) if
You notice the following quotes in the foreign exchange market:
$.006/
1.25/$
ACR:.005/
Find the maximum triangular arbitrage profit available to you (in dollars) if you have access to $15 million at a 2% interest rate.Round intermediate steps to four decimals.
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
