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25-01-2024
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Value of an Australian dollar (A$) in $ = $0.67 (bid) & $0.69 (ask). Value of Mexican peso in $ = $.074 (bid) & $.077 (ask). Value of an Australian dollar in Mexican pesos: 8.2 (bid) & 8.5 (ask). Assume you have $100,000 to conduct triangular arbitrage. What will be your profit from implementing this strategy?

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