Assume the exchange rate between the US Dollar and the Argentinian Peso is 0.38 AR Peso and that the exchange between the Argentinian Peso and the South African Rand is 0.34 AR Peso Rand If there is no arbitrage opportunity what is the exchange rate between the Rand and the US Dollar Rand?

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Firstly Exchange Rate between USD ArPeso is equivalent to 038 Ar Peso This is a direct qu... View the full answer