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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
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
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