you get the following quotes from different banks


You get the following quotes from different banks. One bank is willing to buy or sell Japanese yen at an exchange rate of 110 yen per dollar. A second bank is willing to buy or sell the Argentine peso at an exchange rate of $0.37 per peso. A third bank is willing to exchange Japanese yen at an exchange rate of 1 Argentine peso = 40 yen. Show how you can make a profit from triangular arbitrage and what your profit would be if you have $1,000,000.

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Finance Basics: you get the following quotes from different banks
Reference No:- TGS0473181

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