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National Bank quotes the following for the British pound and the New Zealand dollar: Quoted Bid Price Quoted Ask Price value of a british pound
National Bank quotes the following for the British pound and the New Zealand dollar:
Quoted Bid Price Quoted Ask Price
value of a british pound (lb) in $ $1.61 $1.62
value of a New Zealand dollar (NZ$) $.55 $.56
value of a British pound in New Zealand dollars NZ$2.95 NZ$2.96
Assume you have $10,000 to conduct triangular arbitrage. What is your profit form implementing this strategy?
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