How much profit you can make based on triangular arbitrage

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Reference no: EM131567983

Assume the following quoted prices. Bank A: Value of euro in US dollar $1.09/EUR1 Bank B: Value of AUD In US Dollars $0.753/AUD1 BANK C: Value of EUR in AUD $1.456/EUR 1. Given this information, if you had us 100000 to invest, how much profit you can make based on triangular Arbitrage ?

A. $5485.36

B. $5530.52

C. $5808.27

D. $5842.20

Reference no: EM131567983

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