Blank 1 answer choices: - $10,101.01 -$20,200.00 - $10,100.00

I just need help calculating how much I would receive.

STEP: 4 of 4 Suppose that Cloudastries Bank is a U.S.-based financial intermediary that serves the foreign exchange market. Assume that this bank is willing to both purchase and sell currency for the same rate. In other words, assume there is no bid/ask spread. Suppose Cloudastries has made the following direct quotations: Currency Dollar Spot Rate $0.50 Mexican Peso Euro $1.00 $100.00 Additionally, Cloudastries has quoted a cross exchange rate of 1 euro = 2.02 pesos. $10,200.00 After exchanging euros for pesos, the last step in triangular arbitrage is to exchange those pesos for dollars. $101.01 This represents profit of If you exchange your 20,200.00 for dollars from Cloudastries, you would receive Corde Finale (to complete this step and unlock the nux stap) TOTAL SCORE: 3/4 Grade It Now Save & Continue Continue without saving