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assume the official USD equivalent of one Canadian dollar is .7813 and USD equivalent of the UK pound is 1.3699. Further assume you have 100
assume the official USD equivalent of one Canadian dollar is .7813 and USD equivalent of the UK pound is 1.3699. Further assume you have 100 pounds and have been offered Can$180 for them. If you use triangle arbithrage and the entire 100, you can earn a profit of:
(a) 1.56
(b)2.03
(c)2.66
(d)1.09
(e).87
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