The exchange rates in new york for 1 are c1112 and


The exchange rates in New York for $1 are C$1.112 and £0.8309. A dealer is offering the following quote: C$1 will buy £0.8922. What is the profit you can earn on $13,160 using triangle arbitrage? Enter your answer round off two decimal points.

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Financial Management: The exchange rates in new york for 1 are c1112 and
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