Assume the Following Information What Will Be the Yield for an Investor Who Has

question 39

Multiple Choice

Assume the following information:
$$\begin{array} { l l r } \text { Exchange rate of Japanese yen in U.S. \$ } & = & \$ .011 \\\text { Exchange rate of euro in U.S. \$ } & = & \$ 1.40 \\\text { Exchange rate of euro in Japanese yen } & = & 140 \text { yen }\end{array}$$
What will be the yield for an investor who has $1,000,000 available to conduct triangular arbitrage?

• A) $100,000
• B) -$90,909
• C) 10%
• D) -9.09%

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