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You are quoted the following exchange rates from three different banks: (5.0 points) Bank A: $65.00/SF Bank B: SF1.4000/$ Bank C: $100.00/$ You have $100,000
You are quoted the following exchange rates from three different banks: (5.0 points) Bank A: $65.00/SF Bank B: SF1.4000/$ Bank C: $100.00/$ You have $100,000 or its equivalent. What is your profit from a triangular arbitrage transaction? -$9,000 $9,890 $115,384 There is no arbitrage opportunity
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