Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Compute the profit from triangular profit if the bid and ask rate for yen and euro are 130yen/euro, 140yen/euro, and for US$ and euro are 0.8euro/US$ and 0.9euro/USS, and for US$ and yen are 100yen/US$, and 90yen US$. Compute the triangular arbitrage profit if the notional sum is $1,000.
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