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Assume the following information: Quoted Bid Price Quoted Ask Price Value of...

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Accounting

Assume the following information:

Quoted Bid Price Quoted Ask Price

Value of a Hong Kong dollar (HK$) in $ $0.130 $0.132

Value of a Cambodian riel in $ $.00025 $.00026

Value of a Hong Kong dollar in

Cambodian riel (KHR) KHR529.15 KHR529.50

Derrick has $100,000 to conduct triangular arbitrage. What will be Derrick 's profit from implementing this strategy?

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