I need help with 2 and 3, please.
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are tied to your id. Negative answers must be input as a negative number, else they will be counted wrong. Also, please do not change the file name or file format. The right answer, if you input 123 in the ID cell, is given in the next sheet (for practice).
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Student Information
First Name Last Name Student ID (your "Anumber- don't put A, just the numbers) Questions
4 5 6
123
Answers
7
Calculate the direct exchange rate if the indirect rate is 0.80/$. Input the answer in 4 decimal places.
8
2-3 Use this info for #2 & 3: Table 1 has the exchange rates available to you. You can buy or sell at the stated rates. Assume you have an initial $100,000.
Table 1
Desert Bank (MXN/c) Lake Bank (MXN/$) Mountain Bank (/$)
N/A
14.29 11.46 0.80
How much triangular arbitrage profit (loss), in dollars, will you make if you start by converting from dollars to Mexican peso?
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10
How much triangular arbitrage profit (loss), in dollars, will you make if you start by converting from dollars to euro?
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Questions
123 Ans...