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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?

Respuesta :

Answer:

$374.46

Explanation:

Incomplete question. However, I inferred the rates where; CAD/USD=1.35, EUR/USD=1.8305. Thus, using this formular we calculate the profit to be made

=$100 ×(C$1.35 ÷$1) ×(£100 ÷C$52) ×($1.8305 ÷$1)] - $100 = $374.46

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