Assume the following information:     Quoted Bid Price Quoted Ask Price Value of a Canadian dollar  in $ $0.66 $0.69 Value of Chinese Yuan in $ $.074 $.075 Value of a Canadian dollar in Chinese Yuan  8.2  8.3                Assume you have $100,000 to conduct triangular arbitrage. What will be your profit from implementing this strategy? A. $6,024 B. $6,133 C. $2,368 D. $13,711

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Assume the following information:

 

 

Quoted Bid Price

Quoted Ask Price

Value of a Canadian dollar  in $

$0.66

$0.69

Value of Chinese Yuan in $

$.074

$.075

Value of a Canadian dollar in Chinese Yuan

 8.2

 8.3

   

    

   

 

Assume you have $100,000 to conduct triangular arbitrage. What will be your profit from implementing this strategy?

A. $6,024
B. $6,133
C. $2,368
D. $13,711
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