Find the arbitrage profit in terms of canadian dollars per, Financial Management

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Find the arbitrage profit in terms of canadian dollars per

A new television costs 1200 pounds in the UK and 950 Canadian dollars in Canada. Suppose the current exchange rates are as follows:

£1.25/$, $1.05/C$

Find the arbitrage profit (in terms of Canadian dollars) per television according to absolute PPP. Round intermediate steps to four decimals and your final answer to two decimals. Do not use currency symbols when entering your response

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Financial Management: Find the arbitrage profit in terms of canadian dollars per

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