question archive The following quotes are given by the bank:                                                                                                                                        ·        You can sell an AUD to the bank for 0

The following quotes are given by the bank:                                                                                                                                        ·        You can sell an AUD to the bank for 0

Subject:FinancePrice:2.87 Bought7

The following quotes are given by the bank:                                                                                                                                       

·        You can sell an AUD to the bank for 0.54 GBP.

·        You can buy an AUD from the bank for 0.57 GBP.

·        The bank is willing to buy a CAD for 1.05 AUD.

·        The bank is willing to sell a CAD for 1.08 AUD.

·        The bank is willing to buy a CAD for 0.59 GBP.

·        The bank is willing to sell a CAD for 0.61 GBP.

You have 30000 CAD. Is triangular arbitrage possible? Why? What is your profit or loss from triangular arbitrage if you begin the strategy by converting into AUD? 

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