Three different banks have sent their special quotation to Mr Hertz. Based on the quotation given below, Mr Hertz instructed you to determine the triangular arbitrage profit for Cherry Blink if you are given CHF5,000,000. Bid Ask Bank X CHF 0.9855/USD CHF 0.9858/USD Bank Y CHF 0.117/HKD CHF0.1174/HKD Bank Z USD 0.1279/HKD USD 0.1283/HKD
Three different banks have sent their special quotation to Mr Hertz. Based on the quotation given below, Mr Hertz instructed you to determine the triangular arbitrage profit for Cherry Blink if you are given CHF5,000,000. Bid Ask Bank X CHF 0.9855/USD CHF 0.9858/USD Bank Y CHF 0.117/HKD CHF0.1174/HKD Bank Z USD 0.1279/HKD USD 0.1283/HKD
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
Problem 1PS
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Three different banks have sent their special quotation to Mr Hertz. Based on the quotation given below, Mr Hertz instructed you to determine the triangular arbitrage profit for Cherry Blink if you are given CHF5,000,000.
|
Bid |
Ask |
Bank X |
CHF 0.9855/USD |
CHF 0.9858/USD |
Bank Y |
CHF 0.117/HKD |
CHF0.1174/HKD |
Bank Z |
USD 0.1279/HKD |
USD 0.1283/HKD |
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