LazyDog260 LazyDog260

25-01-2024
Business

contestada

Value of a British pound (�) in $ = $1.61 (bid) & $1.62 (ask) Value of a New Zealand dollar (NZ$) in $ = $0.55 (bid) & $0.56 (ask) Value of a British pound in New Zealand dollars: NZ$2.95 (bid) & NZ$2.96 (ask). Assume you have $10,000 to conduct triangular arbitrage. What is your profit from implementing this strategy?

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