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The following exchange rates are available to you. Bank Quotation Fuji Bank, Tokyo Y120/S Credit Suisse First Boston, New York SF 1.60/S Swiss First Bank, Zurich 83/ SF Assume that you have an initial USD 10,000,000. What is the profit in USD from Triangular Arbitrage Show all working a. $66,666.67 b. $1,066,666 C. $533333 d. $75000

The following exchange rates are available to you. Bank Quotation Fuji Bank, Tokyo Y120/S Credit Suisse First Boston, New York SF 1.60/S Swiss First Bank, Zurich 83/ SF Assume that you have an initial USD 10,000,000. What is the profit in USD from Triangular Arbitrage Show all working a. $66,666.67 b. $1,066,666 C. $533333 d. $75000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The following exchange rates are available to you. • Bank Quotation Fuji Bank, Tokyo Y120/$ • Credit Suisse First Boston, New York SF 1.60/$ Swiss First Bank, Zurich 83/ SF • Assume that you have an initial USD 10,000,000. What is the profit in USD from Triangular Arbitrage Show all working a. $66,666.67 b. $1,066,666 $533333 C. d. $75000
Transcribed Image Text:The following exchange rates are available to you. • Bank Quotation Fuji Bank, Tokyo Y120/$ • Credit Suisse First Boston, New York SF 1.60/$ Swiss First Bank, Zurich 83/ SF • Assume that you have an initial USD 10,000,000. What is the profit in USD from Triangular Arbitrage Show all working a. $66,666.67 b. $1,066,666 $533333 C. d. $75000
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