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You can sell Canadian dollars (C$) to the bank for $.70 You can buy Canadian dollars from the bank for $.73. The bank iswilling to

You can sell Canadian dollars (C$) to the bank for $.70

You can buy Canadian dollars from the bank for $.73.

The bank iswilling to buy dollars for 0.9 euros per dollar.

The bank is willing to sell dollars for 0.94 euros

per dollar.

The bank is willing to buy Canadian dollars for 0.64

euros per C$.

The bank is willing to sell Canadian dollars for 0.68

euros per C$.

You have $100,000. Estimate your profit or loss if you

would attempt triangular arbitrage by converting your

dollars to euros, and then convert euros to Canadian

dollars and then convert Canadian dollars to U.S.

dollars.

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