Suppose that yen 1 00085 in london euro 1 11418 in new, Ask an Expert

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Suppose that yen 1 = $0.0085 in London, euro 1 = $1.1418 in New York, and euro 1 = yen 136.45 in Paris. If an investor begins by holding yen 1,000,000, how could he make money from these exchange rates? Ignore the transaction costs and determine the amount of profit.

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Financial Management, Finance

Category:- Financial Management
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