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Please show how answer is derived. You have $1,000,000 to conduct triangular arbitrage Use the information below to (1) Calculate your profit from implementing this
Please show how answer is derived.
You have $1,000,000 to conduct triangular arbitrage Use the information below to (1) Calculate your profit from implementing this strategy? (2) Should you conduct triangular arbitrage based on your calculations? | ||
Bid Price | Ask Price | |
Value of a Canadian dollar in $ | $0.770 | $0.790 |
Value of Mexican peso in $ | $0.050 | $0.066 |
Value of Canadian dollar in Mexican pesos | 15.00 | 15.10 |
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