Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 399 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 03 Mar 2018 My Price 8.00

Doug Bernard

Show transcribed image text Doug Bernard specializes in cross-rate arbitrage. He notices the following quotes: Swiss franc/dollar = SFr 1.5971/$ Australian dollar/U.S. dollar = A$ 1.8215/$ Australian dollar/Swiss franc = A$1.1444/SFr Ignoring transaction costs, does Doug Bernard have an arbitrage opportunity based on these quotes? If there is an arbitrage opportunity, what steps would he take to make an arbitrage profit, and how would he profit if he has $1.000.000 available for this purpose. Suppose you start with the cross-rate between A$ and SFr. Hint: First, calculate the implied or "no arbitrage" cross rate between AUD anil SFr. Then compare the "no arbitrage" cross rate with the quoted cross rate and determine which currency to buy (borrow) and which one to sell.

Answers

Maurice Tutor
(5)
Status NEW Posted 03 Mar 2018 09:03 PM My Price 8.00

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