5. Use the following information to answer the following 3 questions A. What is the...
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Accounting
5. Use the following information to answer the following 3 questions A. What is the best direct INR/CS ask price? Compute the best indirect INR/CS bid price. (These are the clockwise numbers) Best direct INR/CS ask price: Best indirect INR/CS bid price: B. What is the best direct INR/CS bid? Compute the best indirect INR/CS ask price. (These are the counter-clockwise numbers) Best direct INR/CS bid price: Best indirect INR/CS ask price: C. Determine if there is a triangular arbitrage opportunity. (Look clockwise and counterclockwise) If there is an arbitrage opportunity, do it! How much risk-free arbitrage profit is there if you start with $1,000,000 and make one trip around the triangle
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