Question
Assume the following information: Quoted Bid Price Quoted Ask Price Value of an Australian dollar (A$) in $ $0.67 $0.69 Value of Mexican peso in
Assume the following information:
| Quoted Bid Price | Quoted Ask Price | |
| Value of an Australian dollar (A$) 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?
| a. | $6,133 |
| b. | $2,368 |
| c. | $6,518 |
| d. | $13,711 |
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Market Regulations And Finance
Authors: Ratan Khasnabis, Indrani Chakraborty
2014th Edition
8132217942, 978-8132217947
