Asuming no transaction costs suppose 1 240 in new york 1


Assuming no transaction costs, suppose £1= $2.40 in New York, $1 = SFr1.45 in Switzerland, and SFr1= £0.31 in London. How could you profit from these rates? Suppose you start with $1.

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Financial Management: Asuming no transaction costs suppose 1 240 in new york 1
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