Are you guys seeing a mistake in this problem? Or is it me - bugged out at 1AM doing Arb Triangle questions?...
Schweser Qbank:
Donna Ackerman, CFA, is an analyst in the currency trading department at State Bank. Ackerman is training a new hire, Fred Bos, a recent college graduate with a BA in economics.
Ackerman and Bos have the following information available to them:
Ackerman and Bos are interested in pursuing profitable arbitrage opportunities for State Bank. Using the appropriate bid or ask rates for the USD:EUR and the USD:GBP, what will be the profits from triangular arbitrage, starting with $1,000?
A) $243.78.
B) $248.46.
C) $245.65.作者: skycfa 时间: 2011-7-11 19:39
Isnt this a Level II question?
I thought this was not in Level III LOS - can someone please confirm?
