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Assume the following information: Quoted Bid Price $0.130 $.00025 Quoted Ask Price $0.132 $.00026 Value of a Hong Kong dollar (HK$) in $ Value of
Assume the following information: Quoted Bid Price $0.130 $.00025 Quoted Ask Price $0.132 $.00026 Value of a Hong Kong dollar (HK$) in $ Value of a Cambodian riel in $ Value of a Hong Kong dollar in Cambodian riel (KHR) KHR529.15 KHR529.50 Derrick has $100,000 to conduct triangular arbitrage. What will be Derrick 's profit from implementing this strategy? $4,226.52 $217.80 $5,900.00 $326.92
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