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FOR THE WHOLE HOMEWORK, YOU CAN USE 4 NUMBERS AFTER DECIMAL PLACE IN YOUR CALCULATION. Use...

FOR THE WHOLE HOMEWORK, YOU CAN USE 4 NUMBERS AFTER DECIMAL PLACE IN YOUR CALCULATION.

Use the following 3 quotations for the following 3 questions on triangular arbitrage


Quotation 1: AUD: USD0.74942

Quotation 2: HKD: USD0.12896

Quotation 3: HKD: AUD0.1800


1. From quotation 1 and 2, what is the crossed rate for HKD1 in AUD

2. What is the complete trading direction to conduct triangular arbitrage in this situation?

A. USD ==> AUD ==> HKD
B. HKD ==> USD ==> AUD
C. USD ==> AUD ==> HKD ==> USD
D. HKD ==> USD ==> AUD ==> USD
E. AUD ==> USD ==> HKD ==> AUD
F. AUD ==> HKD ==> USD ==> AUD

3. If you start with USD 1 million and follow 1 round of arbitrage, how much in USD do you end up with (including your investment of 1 million)

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