Question
You see the following quotes in the FX market: (/) = 1.20; ($/) = 1.12; and ($/) = 1.45 Is there any arbitrage profit opportunity?
You see the following quotes in the FX market:
(/) = 1.20; ($/) = 1.12; and ($/) = 1.45
Is there any arbitrage profit opportunity? If yes, tell me how you can get the arbitrage profit? And how much profit? Calculate the profit to be made on $1,000.
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Lectures On Public Economics
Authors: Anthony B. Atkinson, Joseph E. Stiglitz
1st Edition
0691166412, 978-0691166414
