How could you make a profit from these exchange rates find


Suppose ¥1 = $0.0077 in London, $1 = SF2.00 in New York, and SF1 = ¥65 in Paris.

a. If you begin holding 10,000 yen, how could you make a profit from these exchange rates?

b. Find the abritage profit per yen initially traded. (ignore transaction costs).

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Financial Management: How could you make a profit from these exchange rates find
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