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Assume the following information: Value of Canadian dollar in U.S. dollars $0.60 Value of New Zealand dollar in U.S. dollars $0.30 Value of Canadian dollar

Assume the following information: Value of Canadian dollar in U.S. dollars $0.60 Value of New Zealand dollar in U.S. dollars $0.30 Value of Canadian dollar in New Zealand dollars NZD 2.05 The profit from a triangular arbitrage strategy (if you had $1 million to use) is $__ thousands 25 150 o o 0 O 125 50 O 100 O 75

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