A.) 20,202.02 B.) 40,400.00 C.)20,200.00

Suppose that Cloudastries Bank is a U.S.-based financial intermediary that serves the forelgn exchange market. Assume that this bank is willing to both purchase and sell currency for the same rate. In other words, assume there is no bid/ask spread, Suppose Cloudastries has made the following direct quotations: Currency Dollar Spot Rate Mexican Peso $0.50 Euro $1.00 Additionally, Cloudastries has quoted a cross exchange rate of 1 euro = 2.02 pesos After exchanging dollars for euros, the next step in triangular arbitrage is to exchange those euros for pesos. pesos If you use all 10,000.00 to purchase pesos from Cloudastries, you would receive TOTAL SCORE: 2/4 to completamia shop and unlock the