You have the following spot bid and ask rates between the Russian ruble (RUB), the United States dollar (USD), and the C
Posted: Mon Jan 17, 2022 8:07 am
You have the following spot bid and ask rates between the Russian ruble (RUB), the United States dollar (USD), and the Colombian peso (COP): Bid Ask COP 3,4917/USD COP 3,456.9/USD USD 0.0170/RUB COP 63.960/RUB USD 0.0172/RUB COP 64,602/RUB Which of the following is the closest to the arbitrage profit that is possible at these rates? O a 6.63% Ob 6.10% O c. 9.93% Od 6.1796 Oе. 6.50%