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Assume the following information: USD/AUD, bid/ask: 0.67 / 0.7 USD/MXP, bid/ask: 0.073 / 0.074 MXP/AUD, bid/ask: 8.09 / 8.3 Assume you have 1 million USD

Assume the following information:

USD/AUD, bid/ask: 0.67 / 0.7

USD/MXP, bid/ask: 0.073 / 0.074

MXP/AUD, bid/ask: 8.09 / 8.3

Assume you have 1 million USD to conduct one cycle of triangular arbitrage. What will be your profit from implementing this strategy? Remember to pay careful attention whether you're trading at the bid or the ask with the bank.

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