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National Bank quotes the following for the British pound and the New Zealand dollar: ...

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Finance

National Bank quotes the following for the British pound and the New Zealand dollar:

Quoted

Quoted

Bid Price

Ask Price

Value of a US dollar in s

0.620

0.625

Value of a New Zealand dollar (NZ$) in s

0.310

0.315

Value of a US dollar in New Zealand dollars

NZ $2.20

NZ $2.25

Assume you have 10,000 to conduct triangular arbitrage. What is your profit from implementing this strategy?

1,340

1,250

1,253

1,160

Answer & Explanation Solved by verified expert
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