Assume you can buy 52 British pounds with 100 Canadian dollars. How much profit can you earn on a triangle arbitrage given the following rates if you start out with 100 U.S. dollars?

Name: Assume you can buy 52 British pounds with 100 Canadian dollars. How much profit can you earn on a triangle arbitrage given the following rates if you start out with 100 U.S. dollars?
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Quizplus · Accepted Answer

[$100 F1F1F1S1F1F1F10 (C$1.2103/$1) (£52/C$100) ($1/£0.6211)] - $100 = $1.33 profit

Assume You Can Buy 52 British Pounds with 100 Canadian