The table below presents quotes and cross-quotes on GBP and CHF. USD/GBP: Price for GBP in New
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Question:
The table below presents quotes and cross-quotes on GBP and CHF.
USD/GBP: Price for GBP in New York (in USD): | USD/CHF: Price for CHF in Chicago (in USD) | CHF/GBP: Price for GBP in Zurich (in CHF) |
USD 1.725 for 1 GBP | USD 0.645 for 1 CHF | CHF 2.75 for 1 GBP |
If the speculator has access to USD 20,000,000, calculate the maximum profit in one triangular transaction.
Related Book For
Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale
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