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QUESTION 18 Assume you have 1,000 and can exchange CAD1,735 for 1,000. Also assume you can exchange USD1 for CAD 1.36 and 1 for USD1.25.

QUESTION 18 Assume you have 1,000 and can exchange CAD1,735 for 1,000. Also assume you can exchange USD1 for CAD 1.36 and 1 for USD1.25. How much arbitrage profit in pounds can you earn? (Ignore transaction costs) 14.41 13.97 18.62 12.49 20.59

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