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Question 3 A Russian bank posts RUB/JPY 0.5230 0.5232. Related trades posted by other banks include: Bid Offer JPY/USD 110.33 110.34 RUB/USD 57.7435 57.7525 The

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Question 3 A Russian bank posts RUB/JPY 0.5230 0.5232. Related trades posted by other banks include: Bid Offer JPY/USD 110.33 110.34 RUB/USD 57.7435 57.7525 The triangular arbitrage profit for RUB 100,000 is closest to: a) RUB 3.26. b) RUB 23.58. c) RUB 124.35

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