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The current spot rates between the United States, Australia, and Europe are the following: AUD/USD = 1.1573, AUD/EUR = 1.1024, and USD/EUR = 0.9923. What
The current spot rates between the United States, Australia, and Europe are the following: AUD/USD = 1.1573, AUD/EUR = 1.1024, and USD/EUR = 0.9923. What % of arbitrage profit is available?
(Hint: Provide your answer at least up to 2 decimal points in % term, i.e., if the answer is 23.45% (=0.2345), then enter "23.45". To get more accurate answer, try to use as many decimal points as possible in middle steps.)
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