Assume the following information:

	Quoted price
Value of Hong Kong dollar in Australian dollars	A$0.1553
Value of New Zealand dollar in Australian dollars	A$0.8939
Value of New Zealand dollar in Hong Kong dollars	HK$5.4077

Given this information, what is triangular arbitrage profit if you had A$1 million to use?

Select one:

a. between A$64,701 and A$62,900

b. between A$64,501 and A$64,700

c. between A$64,300 and A$64,500

d. between A$64,901 and A$65,000