Question
Assume the following information: Quoted Bid Price Quoted Ask Price Value of a Hong Kong dollar (HK$) in $ $0.130 $0.132 Value of a Cambodian
Assume the following information:
Quoted Bid Price Quoted Ask Price
Value of a Hong Kong dollar (HK$) in $ $0.130 $0.132
Value of a Cambodian riel in $ $.00025 $.00026
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?
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
1118334329, 978-1118334324
