What is effective annual rate of interest

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The exchange rates in New York are: $1 = AUD 1.2591 and $1 = £0.6047 A dealer is offering a quote: AUD 1 = £0.7668. What is the profit you can earn on $11,515 using triangle arbitrage?

The terms of sale are 3/19, net 61. What is the effective annual rate of interest?

Reference no: EM131986953

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