SPOILER ALERT!!! Based on Book 7, Exam 3, Q67 .008852 - 56 for Yen .02874-6 for NT$ We want NT$10Million and we HOLD YEN Isn’t this .02874 * 1/.008856 ? I thought the dealer always has to benefit from the spread?
SPOILER ALERT!!! Based on Book 7, Exam 3, Q67 .008852 - 56 for Yen .02874-6 for NT$ We want NT$10Million and we HOLD YEN Isn’t this .02874 * 1/.008856 ? I thought the dealer always has to benefit from the spread?