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Assume the following information: Value of an Australian dollar (A$) in $ $0.67 Value of Mexican peso in $ $.074 Value of an Australian dollar

Assume the following information:

Value of an Australian dollar (A$) in $ $0.67

Value of Mexican peso in $ $.074

Value of an Australian dollar in Mexican pesos 8.2

Assume you have $100,000 to conduct triangular arbitrage. What will be your profit from implementing this strategy? the answer needs to be answered by using just the bid prices. triangular arbitrage will be conducted with only the provided bid prices.

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