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You Answered (Triangular Arbitrage) These are the quotes from the spot market. Citigroup ¥110/€ Credit Suisse ¥148/$ Deutsche Bank $1.328/€ If you have €1,000,000 to arbitrage, your profit is $ -440,328.8831 Correct Answer 1,044,822.11 margin of error +/- 0.01

You Answered (Triangular Arbitrage) These are the quotes from the spot market. Citigroup ¥110/€ Credit Suisse ¥148/$ Deutsche Bank $1.328/€ If you have €1,000,000 to arbitrage, your profit is $ -440,328.8831 Correct Answer 1,044,822.11 margin of error +/- 0.01

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
Problem 1PS
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You Answered (Triangular Arbitrage) These are the quotes from the spot market. Citigroup ¥110/€ Credit Suisse ¥148/$ Deutsche Bank $1.328/€ If you have €1,000,000 to arbitrage, your profit is $ -440,328.8831 Correct Answer 1,044,822.11 margin of error +/- 0.01
Transcribed Image Text:You Answered (Triangular Arbitrage) These are the quotes from the spot market. Citigroup ¥110/€ Credit Suisse ¥148/$ Deutsche Bank $1.328/€ If you have €1,000,000 to arbitrage, your profit is $ -440,328.8831 Correct Answer 1,044,822.11 margin of error +/- 0.01
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