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6. Assume the following information; Bid $0.67/A$ $0.69/A$ Ask Value of an Australian dollar (AS) in $ Value of a Mexican peso in $ Value

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6. Assume the following information; Bid $0.67/A$ $0.69/A$ Ask Value of an Australian dollar (AS) in $ Value of a Mexican peso in $ Value of an Australian dollar in Mexican peso 8.2 peso/AS $0.074/peso $0.077/peso 8.5 peso/AS Assume you have $100,000 to conduct triangular arbitrage. What is your profit from implementing this strategy? (7 pts.)

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