Triangle Arbitrage, business and finance assignment help

timer Asked: Oct 16th, 2016
account_balance_wallet $5

Question Description

The exchange rates in New York for $1 are C$1.1735 and £0.8861. A dealer is offering the following quote: C$1 will buy £0.8977. What is the profit you can earn on $18,543 using triangle arbitrage?

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Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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