Assume you can buy 52 British pounds with 100 Canadian dollars. How much profit can you earn on a triangle arbitrage

Assume you can buy 52 British pounds with 100 Canadian dollars. How much profit can you earn on a triangle arbitrage given the following rates if you start out with 100 U.S. dollars?        A.  $0.78 B.  $1.04 C.  $1.33 D.  $1.56 E.  $1.64 [$100 × (C$1.2103/$1) (£52/C$100) ($1/£0.6211)] - $100 = $1.33 profit

59.

Today, you can exchange $1 for £0.6522. Last week, £1 was worth $1.6104. How much profit or loss would you now have if you had converted £100 into dollars last week?    A.  loss of ₤1.57 B.  loss of ₤0.39 C.  loss of ₤0.07 D.  profit of ₤5.03 E.  profit of ₤5.59 [£100 ($1.6104/£1) (£0.6522/$1)] - £100 = £5.03

60.

Today, you can get either 121 Canadian dollars or 1,288 Mexican pesos for 100 U.S. dollars. Last year, 100 U.S. dollars was worth 115 Canadian dollars or 1,291 Mexican pesos. Which one of the following statements is correct given this information?    A.  $100 converted into Canadian dollars last year would now be worth $105.22. B.  $100 converted into Mexican pesos last year would now be worth $99.77. C.  $100 converted into Mexican pesos last year would now be worth $100.36. D.  $100 converted into Canadian dollars last year would now be worth $95.05. E.  $100 invested in Canadian dollars last year would now be worth $100. $100 (C$115/$100) ($100/C$121) = $95.05 $100 (Ps1,291/$100) ($100/Ps1,288) = $100.23

61.	The camera you want to buy costs $230 in the U.S. How much will the identical camera cost in Canada if the exchange rate is C$1 = $0.8262? Assume absolute purchasing power parity exists.    A.  $238.77 B.  $242.19 C.  $243.52 D.  $248.60 E.  $278.38 $230 (C$1/$0.8262) = C$278.38