Question
1.)Assume the following information: Quoted Bid Price Quoted Ask Price Value of an Australian dollar (A$) in $ $0.67 $0.69 Value of Mexican peso in
1.)Assume the following information:
Quoted Bid Price
Quoted Ask Price
Value of an Australian dollar (A$) in $
$0.67
$0.69
Value of Mexican peso in $
$.074
$.077
Value of an Australian dollar in
Mexican pesos
8.2
8.5
Assume you have $100,000 to conduct triangular arbitrage. What will be your profit from implementing this strategy?
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Financial Modeling
Authors: Simon Benninga
2nd Edition
0262024829, 9780262024822
