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Using the following quotations: EUR / USD 1.1065 / 1.1070 USD / HKD 7.8496 / 7.8499 EUR / HKD 8.6858 / 8.6883 (Euro, U.S. Dollar,

Using the following quotations: EUR / USD 1.1065 / 1.1070 USD / HKD 7.8496 / 7.8499 EUR / HKD 8.6858 / 8.6883 (Euro, U.S. Dollar, Hong Kong Dollar)

With 1000 U.S. Dollars, look for triangular arbitrage opportunities. What are the results of your attempts? NOTE: You must check two different alternatives

answer as part (a) and then part (b). Answer is to be in USD (how much currency you have after the series of transactions). The answer must be accurate to 2 decimal places

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