Question
Assume the following information: Value of a Maldivian Rufiyaa (MVR) in $ Value of a Cambodian riel (KHR) in $ Value of a Maldivian
Assume the following information: Value of a Maldivian Rufiyaa (MVR) in $ Value of a Cambodian riel (KHR) in $ Value of a Maldivian Rufiyaa in Cambodian riel (KHR) Quoted Bid Price $0.065 $.00026 KHR255.48 Quoted Ask Price $0.066 $.00027 KHR256.03 Christopher has $100,000 to conduct triangular arbitrage. What will be Christopher's profit from implementing this strategy?
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
