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Question 32 5 pts National Bank quotes the following for the British pound and the New Zealand dollar: Quoted Bid Price Quoted Ask Price Value
Question 32 5 pts 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 $ $0.55 $0.56 Value of a British pound in New Zealand dollars NZ$2.95 NZ$2.96 Assume you have $100,000 to conduct triangular arbitrage. What is your profit from implementing this strategy? O $130.50 0 $197.53 O $111.80 O $77.64 O $154.32
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