how would you do the math on this?
bid ASK EURO:$ 0.8 .8012
$:YEN 12.80 12.818
EURO:YEN 10.10 10.102
IF SKYWALKER EMPLOYS THE CAPITAL HE HAS AVAILABLE FOR ARB, HIS PROFITS WILL BE:
A. ,13,661 YEN
B 16,810 YEN
C. NONE
how would you do the math on this?
bid ASK EURO:$ 0.8 .8012
$:YEN 12.80 12.818
EURO:YEN 10.10 10.102
IF SKYWALKER EMPLOYS THE CAPITAL HE HAS AVAILABLE FOR ARB, HIS PROFITS WILL BE:
A. ,13,661 YEN
B 16,810 YEN
C. NONE