cfalevel2011

jyk026 wrote:
Quick question, on p.489 in CFAi book in the second paragraph (2nd arbitrage constraint) they set the ratios so that to get a/c u need to have a/b and c/b….. but in all the examples its usually set up so that the relationship is a/c=(a/b)(b/c) and u can cancel out currency b (this is for questions without inverting) …. so  my question is: is the paragraph wrong? Or am i missing something? Sorry for any typos im on my tablet and it sucks to type
…you have a tablet?…showoff!