Question
Assume the following information: Quoted Bid Price Quoted Ask Price Value of a Canadian dollar in $ $0.66 $0.69 Value of Chinese Yuan in $
Assume the following information:
|
| Quoted Bid Price | Quoted Ask Price |
| Value of a Canadian dollar in $ | $0.66 | $0.69 |
| Value of Chinese Yuan in $ | $.074 | $.075 |
| Value of a Canadian dollar in Chinese Yuan | 8.2 | 8.3 |
|
|
|
|
Assume you have $100,000 to conduct triangular arbitrage. What will be your profit from implementing this strategy?
| $6,024 |
| $6,133 |
| $2,368 |
| $13,711 |
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Money Banking And Financial Markets
Authors: Laurence Ball
1st Edition
0716759349, 9780716759348
