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Assume the Following Information Assume You Have $100,000 to Conduct Triangular Arbitrage

question 94

Multiple Choice

Assume the following information:
 Quoted Bid Price Quoted Ask Price Value of an Australian dollar (AS)  in $  $ 0.67  $ 0.69 Value of Mexican peso in $  $ .074  $ .077 Value of an Australian dollar in Mexican pesos  8.2 8.5 \begin{array}{ll}&\text { Quoted Bid Price } & \text {Quoted Ask Price } \\\text {Value of an Australian dollar (AS) in \(\$\) } & \text { \$ 0.67 }&\text { \$ 0.69 } \\\text {Value of Mexican peso in \(\$\) } &\text { \$ .074 }&\text { \$ .077 } \\\text {Value of an Australian dollar in } && \\\text {Mexican pesos } &\text { 8.2 }&\text {8.5 } \\\end{array}
Assume you have $100,000 to conduct triangular arbitrage. What will be your profit from implementing this strategy?


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