Suppose you receive the following quotes from a dealer. The bidand ask prices for USD are MYR4.15 and MYR4.18, respectively. Thesame dealer also quotes the bid and ask prices for GBP to be atMYR5.10 and MYR5.15. Given the following quotes, calculate the USDcost of obtaining GBP10,000.
A. $8,058
B. $8,196
C. $12,200
D. $12,410
Suppose you get the following exchange rate quotes:MYR4.4365/USD, MYR3.34/AUD, and USD0.74/AUD. Determine thetriangular arbitrage profit that is possible if you haveMYR1,000,000 to perform arbitrage.
A. MYR17,063
B. MYR17,210
C. MYR17,359
D. MYR17,590
