Sell currencies in different foreign exchange markets

Assignment Help Financial Management

Reference no: EM131310910

Here are some quotes at which you can buy/sell currencies in different foreign exchange markets:

Euro pound in Japanese yen = Y113.40 E

Euro pound in US = $112E

US $ in in Japanese yen =Y 102.2/$

Is it possible to do an arbitrage? if yes, explain the steps and calculate your gain if you use $1000,000 for your arbitrage?

(show your answer )

Reference no: EM131310910

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