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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 () in $ | $1.61 | $1.62 |
Value of a New Zealand dollar (NZ$) in $ | $.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 from implementing this strategy?
a. | $77.64. | |
b. | $15.43. | |
c. | $111.80. | |
d. | $197.53. |
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