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You observe the following quotes for New Zealand dollars from three banks. Find the maximum profit (in terms of euros) you can earn via locational
You observe the following quotes for New Zealand dollars from three banks. Find the maximum profit (in terms of euros) you can earn via locational arbitrage if you have access to 6 million euros. Round intermediate steps to four decimals and your final answer to two decimals.
Bank P: .5116-24
Bank Q: .5105-10
Bank U: .5107-14
- 2346.50
- 7045.01
- 22,331.05
- 0
Please show formula used and steps
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