The International Aspects of Financial Management
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Currently, you can exchange $1 for 100.37 yen or ?0.7538 in New York. In Tokyo, the exchange rate is $1= ?0.0077. If you have $1,000, how much profit can you earn using triangle arbitrage?
a) $18.08
b) $25.27
c) $27.91
d) $32.50
e) $33.14
See the attached file.
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Solution Summary
A detailed illustration on the use of triangle arbitrage.
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