Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:(Triangular Arbitrage)
These are the quotes from the spot market.
Citigroup
Credit Suisse
Deutsche Bank
¥102/€
¥147/$
$1.258/€
If you have €1,000,000 to arbitrage, your profit is $
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