Question: Given the above quotes, execute a triangular arbitrage. How much arbitrage profit you can generate if you start with EUR 1,000,000 or equivalent British Pounds

Given the above quotes, execute a triangular arbitrage. How much arbitrage profit you can generate if you start with EUR 1,000,000 or equivalent British Pounds (round to the next integer)?
a)EUR 2,344
b)EUR 2,001
c)EUR 2,224
d)EUR 2,408
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
