Assume that one us dollar buys 115 japanese yen and one us
Assume that one U.S. dollar buys 115 Japanese Yen, and one U.S. dollar buys 0.54 Pound Sterling.
What must the dollar – pound exchange rate be in order to prevent triangular arbitrage (ignore transaction costs)?
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assume that one us dollar buys 115 japanese yen and one us dollar buys 054 pound sterlingwhat must the dollar ndash
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