Starting with one thousand US Dollars (1000.00), how many dollars would you end up with if you
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Question:
Starting with one thousand US Dollars (1000.00), how many dollars would you end up with if you moved first to C$, then Yen before returning to USD (answer in USD to two decimal places)?
Starting with one thousand US Dollars (1000.00), how many dollars would you end up with if you moved first to Yen then C$ before returning to USD (answer in USD to two decimal places)?
In both cases, what are the percentage total costs of performing the triangle arbitrage (answer in percent to 1 decimal place but without the % sign)?
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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