Question: In the table below are presented current currency quotes. If you have 100.000 ALL determine if there is a way to make Triangular arbitrage,

In the table below are presented current currency quotes. If you have

In the table below are presented current currency quotes. If you have 100.000 ALL determine if there is a way to make Triangular arbitrage, and if so how. Then show your calculations for each step to determine the gain from such arbitrage opportunity. QUOTED BID PRICE QUOTED ASK PRICE Value of a EUR in ALL ALL 120 ALL 125 Value of a USD in ALL ALL 103 ALL 105 Value of a EUR in USD USD 1.1 USD 1.12

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