National Bank quotes the following for the British pound and the New Zealand dollar:
Quoted Bid Price
Quoted Ask Price
Value of a British pound (£) in $
$1)61
$1)62
Value of a New Zealand dollar (NZ$) in $
$)55
$)56
Value of a British pound in

New Zealand dollars
NZ$2.95
NZ$2.96
Assume you have $10,000 to conduct triangular arbitrage. What is your profit from implementing this strategy?

Question

National Bank quotes the following for the British pound and the New Zealand dollar: ​
Quoted Bid Price
Quoted Ask Price
Value of a British pound (£) in $
$1)61
$1)62
Value of a New Zealand dollar (NZ$) in $
$)55
$)56
Value of a British pound in
​
​
New Zealand dollars
NZ$2.95
NZ$2.96
Assume you have $10,000 to conduct triangular arbitrage. What is your profit from implementing this strategy?

Quizplus · Accepted Answer

The Answer of National Bank quotes the following for the British pound and the New Zealand dollar: ​
Quoted Bid Price
Quoted Ask Price
Value of a British pound (£) in $
$1)61
$1)62
Value of a New Zealand dollar (NZ$) in $
$)55
$)56
Value of a British pound in
​
​
New Zealand dollars
NZ$2.95
NZ$2.96
Assume you have $10,000 to conduct triangular arbitrage. What is your profit from implementing this strategy?

National Bank Quotes the Following for the British Pound and the New