- Joined
- 8/26/11
- Messages
- 175
- Points
- 28
What is the maximum foreign exchange rate such that you will make a profit from taking a long position on a contract to buy Euros against Dollars in 3 months, given an exchange rate of 1.312, short term bid/ask prices of 0.53/0.36 for the euro, 0.26/0.12 for the dollar, and 3 month bid/ask prices of 0.78/0.63 for the euro and 0.41/0.31 for the dollar?
