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

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter10: Valuing Early-stage Ventures
Section: Chapter Questions
Problem 2cM
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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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